Saudi Press

Saudi Arabia and the world
Monday, Apr 15, 2024

The Link Between Coronavirus Retreat and the Falling Prices of Monkeys in China

As the post-COVID-19 pandemic era has led to a slowdown in medical research activities in China, a unique market has been notably affected: the laboratory monkey trade.
With the pharmaceutical sector in the world's second-largest economy facing a decline in investments, the prices for lab monkeys have plummeted.

Back in 2019, the price for a single laboratory monkey, referred to by China as "non-human primates," was at approximately $4,000. This figure escalated to about $26,000 in 2022 before dropping down to $11,000 by the end of 2023. According to the Financial Times, this is indicative of the volume of medical research being conducted on pharmaceuticals.

Shen Xin, a healthcare systems analyst in China, mentioned that the first two years of the COVID-19 pandemic witnessed significant upsurges in pharmaceutical sector investments, with investors pumping money into local companies producing vaccines. This resulted in an increased demand for laboratory monkeys, which regulators emphasize as crucial in the early stages of drug testing to ensure safety, due to their physiological and behavioral similarities to humans despite opposition from animal rights activists.

Bruce Liu, a partner at the consulting firm Simon-Kucher, observed that monkey prices have seen sharp fluctuations in recent years as an indicator of biotech clinical trial activities in China. Although decreases in clinical trial costs in China and an aging population have stimulated investments in this sector, the past two years have seen a slump in investment value with reduced demand for COVID vaccines. Investment in China’s healthcare sector toppled from $31 billion in 2021 to a mere $12 billion in 2023, as reported by UBS data. This reflects a downturn in drug discovery investments.

In 2021, China bred around 30,000 monkeys, according to data from the National Institutes of Health, which is approximately 30% below the required amount. Liu added, "Companies that bought monkey breeding farms are now stuck with (monkey investments)."

While laboratory monkey prices have fallen in China, U.S. scientists are urging the government to invest in monkey breeding programs due to a supply crisis that has affected research.

China banned the export of laboratory monkeys in 2020 amidst the spread of the coronavirus. As China was the primary supplier of monkeys to the United States, their prices tripled in America between 2019 and 2022, according to the research and investment organization Evercore ISI.

Following this development, the United States pursued the illegal market for smuggling laboratory monkeys from Cambodia, which attempted to fill the void left by China.

Related Articles

Saudi Press
Reports in Gaza: 5 dead from the impact of aid packages dropped by the USA
Apple warns against drying iPhones with rice
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
The U.S. vetoed a U.N. Security Council resolution calling for a temporary ceasefire in Gaza, instead proposing its own six-week ceasefire plan contingent upon the release of all hostages held by Hamas
Prince William Urges End to Gaza Conflict
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel has gone ‘beyond self-defence’ in Gaza, says Labour’s Streeting
EU Calls for Immediate Ceasefire in Gaza Conflict
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
Saudi Arabia Introduces Terms for 30-Year Income Tax Exemption for Multinational Companies
Saudi FM: Establishing Palestinian state is only pathway for Mideast stability
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
Elon Musk's Starlink Gets License For Israel, Parts Of Gaza
Influencers Exploit X Platform for Profit Amidst Israel-Gaza Conflict
PM Modi Announces Opening Of New CBSE Office In Dubai
International Criminal Court's Chief "Deeply Concerned" By Rafah Bombing
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Indian female military officers commend Saudi Arabia's progress and women's empowerment
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Israel Utilizes AI Military Technology in Gaza Conflict
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
China Warns Iran to Halt Houthi Attacks or Damage Trade Ties
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Iran-backed hackers interrupt UAE TV streaming services with deepfake news
Facebook and Instagram Ban Iran's Supreme Leader
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
U.S. Secretary of State Blinken: The Israelis underwent dehumanization on 7.10, this does not give them the right to do this to others.
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
UK Bans Misleading "Zero Emissions" Claims for Electric Cars
Gaza's Teen Inventor Sparks Light in Displacement
Netanyahu Rejects Ceasefire Proposal, Insists On Total Victory Over Hamas
Guterres appoints independent UNRWA review panel
Private Sector Employment Hits Record High with Over 11 Million Employees in January
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
ZATCA Cautions Against Scammer Schemes
INTRA Defense Technologies inaugurates drone factory in Riyadh