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Cross-Strait Clinical Tests Open Door for Taiwan Pharmaceutical Firms

Taiwan and Mainland China recently recognized for the first time the results of clinical drug tests conducted by four hospitals on both sides of the Taiwan Strait, paving the way for local pharmaceutical firms to further tap the growing mainland Chinese market.

This breakthrough eliminates the need to conduct another set of clinical trials in mainland China, cutting considerable time off the approval process for drug-makers developing new products. It helps drug-makers earn more money from sales of their products while protected by patents, and multinational pharmaceutical companies targeting the mainland Chinese market will now be more interested in conducting clinical trials in Taiwan.

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