Sanofi's Biosimilars Deal With JHL Confirms Growing Trend In China

Sanofi is joining the biosimilars trend to tap into China through a local partnership with Taiwan's JHL Biotech, initially focusing on rituximab, a biosimilar product that has great market potential but strong competition in development by domestic peers.

Shifting disease burden and increasing pressure to cap healthcare costs have fueled China's interest in developing biosimilars, with the government creating a favorable environment for biosimilars to flourish. China has been at the top of the strategic agenda for multinationals, while the technical gap of biosimilar development between multinational and local players is narrowing.

The most recent deal was a strategic partnership formed by Sanofi and Taiwan-listed JHL Biotech Inc

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