Updated on 18 June 2013
Keeping close company is another Chinese firm, Apeloa Company, which too more than doubled in revenues from $245 million to $556 million, propelled by 127 percent growth. As Asia's pharma companies continue to grow at a scorching pace, they face enormous challenges in finding qualified people to run their complex operations. BioSpectrum has estimated that the $150 billion industry has only about 150,000 researchers whereas as industry of this should have at least double this number to maintain the growth momentum.
Besides skilled researchers who could innovate with new products and develop new manufacturing processes, the industry also desperately needs more employees to handle regulatory affairs within and outside the region, develop new clinical trial strategies and also people with excellent project management skills. Various experts BioSpectrum spoke to anticipate that these skill gaps will continue for another five years at least.
It is definitely time for academic community, industry and policy makers to step in and prepare some crash programs to entice students to the pharma industry. A talent shortage should be the last thing to stand in the way of achieving the industry's larger goal of providing affordable healthcare to people around the world.
Here is the full list of BioSpectrum Asia Fastest 50 Companies:
BioSpectrum Asia Top 20 Survey-Fastest 50 bioscience companies in Asia