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AstraZeneca, Merck, Novo deals boost Chinese biotech as global interest grows

Started 29 Sept, 09:00 1 events Updated 2h ago
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latest: 2h ago
  1. Diplomatic29 Sept, 09:00

    AstraZeneca, Merck, Novo deals boost Chinese biotech as global interest grows

    Shares of Akeso surged after British drug maker AstraZeneca moved to advance the Chinese biotech firm’s flagship cancer drug, while a new deal from US giant Merck further underscored the sector’s global momentum amid easing fears of US curbs. AstraZeneca on Tuesday announced a US$2 billion equity investment in Florida-headquartered Summit Therapeutics, which holds the exclusive rights to develop and commercialise Akeso’s immunotherapy drug ivonescimab outside China. Summit and AstraZeneca would...

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