Big Pharma Bets Big in China - Like BILLIONS of $$ BIG

A lot of Americans believe China lacks pioneering research in high-tech. They are wrong and big global companies are betting huge amounts of money on Chinese innovation and creativity in the decades ahead.

Novartis, the Swiss Pharma giant, is building a $1 billion RESEARCH center in Shanghai and hiring 1,000 Chinese scientists to do fundamental pharmaceutical research, as reported by WSJ 11-4-0

This new state-of-the-art laboratory will rival Novartis' US-based Boston R&D center.

CEO Dr. Vasella commented, " the investment was made possible because of the rapid development of scientific talent in China."

Maybe our perception of "rote-learning Chinese" is not so accurate. Novartis, Roche and AstraZenenca have bet a combined $2 billion on Chinese scientists in just the past 4 years.

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