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Leading companies in China by R&D expenditure

This month our pharma industry key list brings you the 15 largest companies in China by R&D expenditure, as ranked by GlobalData's Pharma Intelligence Centre. All numbers as of September 2020.


Company name

R&D expenditure ($million)

Headquarters locationNumber of employees

Jiangsu Hengrui Medicine Co Ltd

382China24,700

CSPC Pharmaceutical Group Ltd

202China17,300

Innovent Biologics Inc

185China1,445

Shanghai Fosun Pharmaceutical (Group) Co Ltd

152China31,370

Zai Lab Ltd

120China298

Sichuan Kelun Pharmaceutical Co Ltd

105China19,990

Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd

84China23,131

Joincare Pharmaceutical Group Industry Co Ltd

78China12,699

Tasly Pharmaceutical Group Co Ltd

75China9,235

Huadong Medicine Co Ltd

68China-

Zhejiang Hisun Pharmaceutical Co Ltd

65China8,072

Humanwell Healthcare Group Co Ltd

59China15,137

Shenzhen Salubris Pharmaceuticals Co Ltd

58China4,622

Zhejiang Huahai Pharmaceutical Co Ltd

52China6,050

Luye Pharma Group Ltd

43China4,417

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