Abstract: As a leading province in pharmaceutical industry, Jiangsu province occupies an important position in the development of China's pharmaceutical industry. Based on the data of major economic indicators of pharmaceutical industry in Jiangsu province from Jan. to Jun. in 2017 and before, such as main business income, profit and export value, and their percentage in the national scale, the latest trend in the development of pharmaceutical industry in Jiangsu province and its national status in terms of R&D were analyzed from the aspects of innovation and industrial structure. By analyzing the current industrial structure and development trend of the pharmaceutical industry in Jiangsu province, related problems are disclosed and corresponding suggestions were put forward.