Just several months ago, cross-border deals between Chinese biotechs and overseas firms had been sizzling hot. But now the activity has notably declined and instead, Chinese bioventures are increasingly looking among themselves for collaboration.
Tough Going Forces Chinese Biotechs To Form Domestic Alliances
Deals among domestic Chinese biotechs are growing fast, reflecting a need to huddle up amid tightening scrutiny over biotech deal-making and an unusually competitive immuno-oncology market.
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