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China’s biotech firms move up value chain as drug deals evolve beyond licensing: analysts

Started 26 Sept, 01:00 1 events Updated 13h ago
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latest: 13h ago
  1. Diplomatic26 Sept, 01:00

    China’s biotech firms move up value chain as drug deals evolve beyond licensing: analysts

    Chinese biotech deal making is moving beyond the licensing of individual drug candidates, as the country transforms from a follower to a global innovation leader, according to analysts. The latest transaction underscores that shift. Beijing-based cancer drug developer InnoCare Pharma said on Thursday that it had entered into a strategic research collaboration and licensing agreement with US pharmaceutical giant Eli Lilly that could be worth up to US$3.35 billion. InnoCare said it would use its...

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