PeliBioThermal, the life science industry’s cold chain partner from discovery to distribution, announces the opening of its first network station in China. Located in Shanghai, the new network station will serve worldwide customers of the Cr?do™ on Demand rental program.
“China is the second largest pharmaceutical market in the world, and the country has plans to significantly grow its pharmaceutical industry over the next five years,” said Dominic Hyde, Vice President – Global Services at PeliBioThermal. “Our new network station will make temperature controlled shipping logistics more convenient for customers doing work in the broader Asia-Pacific region.”
China is a growing component in the global market for manufacturing and distribution of pharmaceuticals, including as the leading producer of active pharmaceutical ingredients and a top producer of generic drugs. Through the “Made in China 2025” plan, China aims to further grow its pharmaceutical industry, focusing on drug innovation through research and development.
China’s pharmaceutical market continues to be an area of significant growth. According to the International Trade Administration, China’s pharmaceutical market value reached almost $134 billion in 2018 and is expected to grow to $161.8 billion by 2023.
The Shanghai market is home to several of China’s top 10 pharmaceutical manufacturers including Shanghai Pharmaceuticals and Shanghai Fosun Pharmaceutical, and is a base for world-leading pharma companies including Johnson & Johnson, Roche, Novartis, Pfizer, Bayer, AstraZeneca and GlaxoSmithKline.
Shanghai joins PeliBioThermal’s network of more than 100 network stations and drop points around the world and is the fourth network station in the Asia-Pacific region.
About PeliBioThermal
PeliBioThermal offers the widest range of temperature-controlled packaging and service solutions to the global life sciences industry. The company’s products ensure that delicate biological materials arrive intact and effective, despite exterior environments. PeliBioThermal is dedicated to developing innovative products designed to fulfill the complex needs of the global life sciences industry. PeliBioThermal’s customers benefit from its extensive expertise in ensuring that temperature stability is maintained throughout the distribution chain. The company also offers a complete portfolio of services and software to support end-to-end temperature-controlled packaging asset management. The company’s efforts have received recognition including the U.S. Army’s Greatest Inventions, two UK Queen’s Awards for Enterprise: International Trade in 2018 and Innovation in 2017, the Made in Minnesota Manufacturing award for supply chain innovators and the Finance & Commerce Progress Minnesota award for business growth. PeliBioThermal is a division of Pelican Products, Inc., the global leader in the design and manufacture of high-performance protective cases, advanced portable lighting systems and rugged gear for professionals and outdoor enthusiasts.
