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Good morning everyone. My name is Elaine Woo and I'm one of the principal councils or directors of the China team of IP experts here at the USPTO's Office of Policy International Affairs. I would like to welcome everyone to this webinar on biopharma patents in China litigation licensing and patent linkage. According to industry sources, China is the world's second largest biopharmaceutical market and continues to grow at a fast pace, particularly as the country's growing wealth and rapidly aging population creates strong demand for health care products in an increasing number of diseases including cancers, cardiovascular diseases and diabetes. The increase of China's by Chinese biopharma companies of reflects the industry's growth and potential and why company formation decline in other major markets. More than 140 new biotech companies emerged in China from 2010. To 2020, in recognizing this potential, China's policymakers have embarked on a mission to advance the industry by enactin...
