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The Growing Pains Of Chinese Biotech

 
• By Timothy Pang and Daniel Chancellor

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.

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