Updated on 1 July 2014
Overall, life sciences accounted for 13.5 percent all patents filed under PCT. This means, more than 26,000 patents applications were filed in life sciences in 2012. "Notably, the three countries with the most year-over-year growth in PCT applications - China, Korea and Japan, are also among the least collaborative countries," noted Mr Erin Bovee, lead researcher for the JLL report. "These countries appear to be seeking self-sufficiency in innovation."
Similar trends are visible in the area of talent development too. China is now training more people in life sciences than the US and many top European nations.
Overall, according to the industry, the global life science industry is accelerating the shift of activities and infrastructure to China and other Asian nations to reduce costs. This is also leading to increase in lay-offs of employees in the western nations. Two-thirds of top life science companies plan to shift production and other infrastructure facilities to China and Brazil. An example is Pfizer relocating its antibacterial research unit from the US to Shanghai, China.