China’s Jiangsu province reported an 8.8% year-on-year growth in its high-tech manufacturing industry in the first half of this year, latest statistics show.
The medicine preparation containing ginkgolide and its preparation process developed by Jiangsu Kanion Pharmaceutical Co., Ltd was recently awarded the China Patent Gold Award by the National Intellectual Property Administration. The China Patent Gold Award is the highest award in intellectual property protection in China.
The patented technology of Kanion results from producing the world’s first targeted drug for ischemic stroke by extracting the highly active new compound GK for the first time in the world. Its sales volume has amounted to over 10 billion yuan.
Pharmaceutical companies in Jiangsu contribute 60% to the number of innovative drugs approved for marketing in China each year.
Jiangsu's pharmaceutical industry has long spearheaded the province’s entirety of 39 industrial sectors.
In the first half of this year, the province’s pharmaceutical industry increased by 11.2% year-on-year and contributed 26.2% to the province’s high-tech manufacturing industry.
The rapid development rests with Jiangsu's efforts to cultivate enterprises’ independent innovation capabilities.
In the post-pandemic recovery, Jiangsu exerted its utmost efforts to promote the improvement of corporate innovation capabilities by recommending 10 companies to apply for national-level enterprise technology centers and recognizing 434 enterprises as provincial-level enterprise technology centers.
It also rescinded 191 provincial technological centers due to their failures to meet the standards.
The continuous improvement of independent innovation capabilities has enabled 16 industrial clusters in Jiangsu, including new medicine, construction machinery, offshore equipment, and new energy, to form technological and scale advantages.
In the first half of the year, Jiangsu's innovative pharmaceutical, electronic information, high-end equipment and other high-tech industries achieved a year-on-year growth of 8.8% in added value, contributing significantly to the province’s industrial growth.
The proportion of high-tech industry surged to 23.4%, up 8.8% from the first quarter.
