Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
ByteDance Accepts AI Gap, Sticks With In-House Models
Beyond the Backflips: Unitree Robotics Faces High Expectations Ahead of Shanghai Debut
LATEST
Beyond the Backflips: Unitree Robotics Faces High Expectations Ahead of Shanghai Debut
ByteDance Accepts AI Gap, Sticks With In-House Models
MiniMax Shares Surge After Joining Hong Kong Stock Connect
Chinese Robotics Startup PokeBot Raises Hundreds of Millions of Dollars
U.S. Drafts Ban on Chinese Optical Modules, Exposing Mutual Supply Chain Risks
Alibaba Releases New Qwen Model, Consolidates AI Office Tools
DeepSeek Releases Official V4-Flash Model as China’s AI Race Intensifies
ByteDance, MiniMax Roll Out Upgraded AI-Video Models
Zhongji Innolight Slides in Hong Kong Debut Following $7 Billion IPO
Zhongji Innolight Rebounds After Buyback Plan, Easing Jitters Ahead of Hong Kong Debut
Lenovo Capital Executive Warns of Reckoning for China’s Crowded AI-Powered Robotics Sector
U.S. Takes Aim at Chinese Robot-Makers With Sweeping Import Ban
SK Hynix’s Earnings Miss Adds to Anxiety Over AI Boom
Consumer-Electronics Makers Bet on AI Agents as Phones, Glasses Compete
Moonshot Open-Sources Kimi K3 as U.S.-China AI Tensions Intensify
TikTok Faces New EU Penalty Threat Over Children’s Safety
AgiBot Begins Hong Kong IPO Process as China’s Embodied-AI Startups Race to List
Tencent Folds Multimodal, LLM Teams Into New AI Unit
Kai-Fu Lee Says AI Will Soon Reshape Corporate Reporting and Management
Flashy Robot Demos at WAIC Mask Struggles With Real-World Deployment
China Approves Older Novartis MS Drug

By Matthew Walsh / Jul 20, 2019 05:37 AM / Business & Tech

Photo: VCG

Photo: VCG

Novartis International AG won approval in China to sell its multiple sclerosis (MS) drug Gilenya, Reuters reports, deepening the Swiss pharmaceutical giant's business ties to the huge Chinese health care market and promising to shake up the treatment of what has traditionally been a poorly managed disease there.

MS is the most common autoimmune disease affecting the central nervous system. Around 30,000 people in China live with the condition, according to state news agency Xinhua. That compares with nearly 1 million people in the U.S. suffering the disease, according to a study by the National MS Society.

However, low awareness of MS in China means that the actual number of people with the disease may be significantly higher. In May, Chinese doctors urged both health-care professionals and the general public to learn more about the disease, adding that 95% of people knew nothing about MS before they were diagnosed.

MS occurs when the body’s immune system attacks the fatty sheaths around the nerves, disrupting their ability to send messages to one another. As MS progresses, it causes muscle and cognitive problems and can lead to lasting disabilities.

Although there is no one-size-fits-all cure, a number of treatments can significantly slow the progression of MS. China has long been playing catch-up with Western countries in rolling out such treatments, however, and comparatively few are yet available there.

One such drug, teriflunomide — sold under the trademark Aubagio — was approved by the U.S. Food and Drug Administration in 2012 but gained approval in China only last year.

Gilenya sales earned Novartis $825 million during the second quarter, making it the company’s second-largest source of revenue, Reuters said, adding that the drug has been available in the United States for almost a decade but is now being challenged by generic rivals, spurring Novartis’s push into other markets.

Related: In Depth: Why China’s Drug Review Revamp Is Stalling

Contact reporter Matthew Walsh (matthewwalsh@caixin.com)

Share this article
Open WeChat and scan the QR code