[Hubei releases the province’s first biomedical industry mutual insurance body] November 13th, Hubei released the province’s first biomedical industry mutual insurance body on November 13. This industrial mutual insurance body adopts the professional division of labor model of "one company, one sector" to create an exclusive product system of "drug mutual insurance", covering seven major stages: drug discovery, preclinical research, clinical trial application, phase I-III clinical trials, marketing authorization application, industrial production, and market circulation. It also launches full-cycle insurance such as proof-of-concept comprehensive insurance, R&D expense loss insurance, clinical trial liability insurance, drug quality and safety insurance, and cold chain transportation insurance. The first batch will serve 7 leading listed companies, 27 innovative R&D companies and about 100 pharmaceutical distribution companies.