The Growing Pains Of Chinese Biotech

The emergence of China from API manufacturer to an innovation leader, fuelled by domestic investments and home-grown talent, has been one of the most remarkable trends of the last decade.

Asia

Around one quarter of active drug development now has a Chinese origin, with particular emphasis in biologics, cell therapies and cancer R&D. While the appetite for these assets among multinational pharmaceutical companies remains strong, the financing crunch that is throttling investment into start-ups is being felt particularly keenly in China. In such a landscape, domestic biotech companies will need to prioritize reliable near-term revenue streams while keeping global ambitions in mind. A domestic Amgen- or Regeneron-like success story may yet be inevitable, although steady progress is far more likely than a sudden growth spurt.

Having broken through the 20,000 mark in 2022, the global biopharma pipeline has continued to grow and now totals more than 22,000 assets under active development. In recent years, while...

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