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Betta Pins Hopes On New Overseas JV Amid Challenges

 
• By Ying Huang

Betta Pharmaceuticals hopes strategic initiatives overseas will facilitate its diversification away from a single dominant oncology product. The Chinese firm is facing increasing competition from domestic generics, with revenues and profits under pressure.

Two businessmen shaking hands during a meeting in the office, success, dealing, greeting & business partner concepts - soft light.

Betta Pharmaceuticals Co. Ltd., a China-listed oncology-focused company, is set to tap its US partner Tyrogenex Inc., to develop new cancer drugs outside China, as part of efforts to create new growth avenues and globalize. A joint venture, Equinox Sciences, was officially established in Washington on Aug. 26.

Betta and Tyrogenex have split equity equally in Equinox, and will focus on developing oncology indications of vorolanib with global...

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