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
Chinese Robotics Startup Spirit AI Raises $145 Million
Satellite Maker Spacety Raises $190 Million to Advance IPO Plans
Alibaba Revamps AI Structure With New Tech Committee
LATEST
Satellite Maker Spacety Raises $190 Million to Advance IPO Plans
Alibaba Revamps AI Structure With New Tech Committee
Chinese Robotics Startup Spirit AI Raises $145 Million
Huawei Names Wang Tao Vice Chairman in Leadership Reshuffle
Space Pioneer’s Falcon 9 Rival Fails on Maiden Flight
Chinese Panel-Makers Report Solid Earnings in 2025 as Market Recovers
Alibaba Releases Qwen 3.6-Plus AI Model With Enhanced Coding Capabilities
ByteDance’s Volcengine Powers AI Growth with OpenClaw Partnership
Robot Startup Galaxea AI Raises $291 Million
TCL Tech to Buy Back Panel Unit Stake for $1.3 Billion
CAS Space Seeks IPO as China’s Reusable Rocket Race Heats Up
U.S. Chipmaker Onsemi Doubles Down on China With New Shanghai Headquarters
Optical Interconnect Maker Lightelligence Files for Hong Kong IPO
CAS Space Launches Reusable Rocket in China’s Satellite Push
DeepSeek Goes Out for 10 Hours Amid China’s AI Demand Surge
OpenClaw Craze Is Driving Next Phase of AI Development, Insiders Say
China, South Korea Robotics Firms Explore Embodied AI Cooperation
Analysis: Meta’s Manus Deal Faces Scrutiny in China Over Tech Exports, Antitrust Concerns
Chinese GPU Maker MetaX Doubles Revenue Amid Push for Domestic Chips
Kuaishou Ramps Up AI Commercialization as Kling Revenue Hits $150 Million
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