A number of Chinese big pharma firms are striving to find new ways to break free of bottlenecks in new drug discovery and development, including through strategic investments in foreign biophama companies, given that the Chinese companies may depend heavily on single products to generate most of their revenues from the domestic market.
Shanghai-listed Tasly Pharmaceutical Co. Ltd., one of China’s largest companies specializing in developing modern traditional Chinese medicines (TCM), made a strategic investment of €20m ($22.4m) for a 12
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Scrip for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?