2021 Marked New Era Of Domestic Collaboration in China

But M&A Outlook Still Muted?

Major deals showed an increasing focus on domestic tie-ups while an unsatiable appetite for innovation drove drug firms to actively seek out biotechs for collaboration.

2021 or 2022 first year of collaborations
past year unveiled a new era of collaborations between biotechs and biopharmas in China • Source: Alamy

2021 marked a new era of collaboration in China between domestic biotechs and the country's large drug makers, many of which have been relying on generics and traditional medicines. This increasing inward-looking trend could set the stage for acquisitions by larger firms with deep pockets, industry insiders predict.

From Jiangsu Hengrui Medicine Co., Ltd., the largest Chinese pharma firm given its large revenues generated from both generic...

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