It Begins with a Vacation
The story of ChinaBio® starts with a vacation... In November 2006, our founder, Greg Scott, visited China for the first time. He had arranged to have one business meeting while he was in Shanghai at Zhangjiang Hi-Tech Park. From that single meeting, and a brief tour of the 25 sq. km Park where he saw Roche, Pfizer, GSK, Lilly, and over 200 early-stage biotech companies, he knew he would be coming back to China. His 10-years of experience as an angel investor in biotech in the US led him to believe that there was something "big" happening in China, and he had to find out more.
So in late January 2007, he returned for one week with only two scheduled meetings. By the end of the week and over 30 meetings, the seeds of ChinaBio® were sown. By April, ChinaBio's offices were open in the Biotech VC Plaza building in Zhangjiang Hi-Tech Park, and the first staff was hired. While often told he was one of the very few interested in early-stage biotech/medtech in China, his interest remained high as he worked with several promising companies.
The World Discovers China Biotech
Then, in August 2007, WuXi PharmaTech went public, quickly followed by several other China biotech IPOs. Suddenly the world knew there was a biotech industry in China and wanted to know more and began beating a path to ChinaBio's door. By early 2008, ChinaBio had moved to larger offices and expanded the staff from two to six full time and three part time members. Mr. Scott had also been interviewed on CCTV and several radio and internet shows.
By the end of 2010, ChinaBio® had organized over 15 major conferences in China, including 10 ChinaBio® Investor Forums, two ChinaBio® Partnering Forums, and China Day events in San Francisco and Brussels, hosting a combined total of nearly 4000 attendees. For 2011, ChinaBio is planning five major events, including our new ChinaBio® Leadership Retreat. (See Upcoming Events.)
ChinaBio® has also worked with some of the world's most respected life science companies, including Pfizer, Roche Diagnostics and Life Technologies, and helped China biomedical companies raise over $400M US. Our in-house research team tracks China's biotech industry including novel technology development, clinical trial activity, VC investments, IPOs and M&A and partnering activity. This information gives us and our clients critical insights into the direction of the industry and how China will impact the future of the global biopharma industry.
Mr. Scott now makes Shanghai his home, trading the sunshine and beaches of San Diego for the vitality of China. It surprises even him how quickly things can move in China.
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"Mr. Bio in China"
More white papers:
China Medical Affairs SummitShanghai, China
June 18-19, 2013
ChinaTrials 6: Global Clinical Development SummitBeijing, China
November 13-15, 2013
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