The Research On Capital Market Supporting The Development Of Biopharmaceutical Industry

Bio medicine industry is one of the leading industries in China.The relationship between biological medicine and people’s health is closely,which is the key industry of the government and the society.China’s capital market has been developing rapidly,the impact of capital market on the development of industrial economy has become increasingly significant,and the capital market will not be absent from the development of any industry.The development of bio pharmaceutical industry in the United States has been a great success.In the process of the development of the biopharmaceutical industry,the capital market plays a very important role.This paper mainly studies the role of capital market in the development of bio pharmaceutical industry.First of all,based on the analysis of biological medicine development,analysis of three characteristics of the bio pharmaceutical industry is fund demand,high risk and high return,the long return period.Then,it summarizes the current situation of the development of bio pharmaceutical industry in western developed countries,and summarizes the successful experience of American bio pharmaceutical industry.And,through the analysis and summary of the current situation of the development of China’s bio pharmaceutical industry,around the capital market financing,value discovery and optimization of the three functions of resource allocation,to study its support role in the biomedical industry,the paper studies the role of the capital market in the bio pharmaceutical industry.It is concluded that it is more difficult for biomedical enterprises to obtain indirect credit.The venture capital has greatly eased the financing difficulties of biomedical enterprises,and promote the enterprise value found,and promote the development of bio pharmaceutical enterprises;M & A is the most direct way to optimize industrial resources,and accelerates the pace of industrial development.Secondly,taking Biolake as an example.Summing up the development status of Biolake,found that Biolake in recent years,rapid development,infrastructure and services are more perfect,the construction of six professional park to improve the industrial chain.To analyze the role of capital market in Biolake to promote the development of biology from two angles of indirect capital market and direct capital market,specifically from the bank credit,risk investment,mergers and acquisitions,IPO and multi-level capital market at the same time.Finally,it is concluded that the capital market is of great help in the financing of the biomedical industry.;the market activities of M&A and IPO in Biolake reflects the role is not obvious.Biolake has a good foundation for development and development potential,give full play to the role of multi-level capital market can greatly promote the development of Biolake.