Chinese Firms Look Inward To Access Innovation

Domestic Partnerships Now Viable Option

Two recent licensing deals involving Chinese firms underscore the record level of agreements being inked between innovative domestic biotechs and generic drug makers, at a time when corporate valuations and geopolitical tensions have made cross-border transactions harder to grab.

More and more Chinese Biotechs are teaming up with larger-scale domestic pharma companies for wider market access.
More and more Chinese Biotechs teaming up with larger domestic pharma companies for market access • Source: Alamy

Chinese biotech Keymed Biosciences Inc. has inked a deal that includes one of the largest upfront payments ever involving a Chinese biotech and a single asset - CNY100m ($16m).

The upfront component of pharma licensing deals in China has traditionally not been so substantial but more recent transactions are...

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