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Fosun Kite Bets On Cell Therapy Despite Approval Pathway Lag In China

The approval of Kite's Yescarta has ignited Chinese drug maker Fosun. With a joint venture with Kite in place, the Shanghai conglomerate is looking to accelerate CAR-T development in China despite approval pathway uncertainty.

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Cancer cell colors

When Shanghai Fosun Pharmaceutical Group Co. Ltd. formed a 50/50 joint venture with Kite Pharma Inc. in January 2017 the conglomerate was looking to tap into the emerging cell-therapy market.

Now with recent US FDA approval for Kite's Yescarta (axicabtagene ciloleucel), the top executive at Fosun Pharma Kite Biotechnology Co. Ltd., Richard L

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