The pharmaceutical industry is very large. It can be divided into API, generic drugs, innovative drugs, OTC, biopharmaceutical, medical devices and medical services.Apis generally include vitamins, antibiotic intermediates and so on. The investment logic is similar to that of chemicals, which are cyclical industries.
Modern biotechnology, represented by genetic engineering, cell engineering, enzyme engineering and fermentation engineering, has developed rapidly in the past 20 years, and has increasingly influenced and changed people's way of production and life.
A COVID-19 pandemic has activated the consignment production of vaccines developed by multinational pharmaceutical companies in South Korea, elevating the status of domestic pharmaceutical and bio companies that have exhausted efforts over the past decade to innovate quality and develop new drugs, becoming a crucial industry like automobiles and semiconductors.