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Better Together: New Deal Adds Weight To China Biosimilar/Biobetter Swap

 
• By Brian Yang and Jung Won Shin

Perhaps encouraged by the recent successful initial public offering of Innovent Bio, more biologics developers in China are turning towards innovative biologics and away from traditional biosimilars.

Yuyang garden
New Deal Shows Henlius Turning To Innovative Biologics over Biosimilars • Source: Shutterstock

In a move indicative of broader trends, Abclon Inc. of South Korea has licensed out global sales rights to its novel HER2-targeting therapeutic monoclonal antibody AC101 to Shanghai Henlius Biotech, which with a valuation of close to $3bn is one of China's largest biotech unicorns. 

Henlius, part of Fosun International Ltd

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