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Embracing China 2.0: AZ, Merck KGaA Set Up Funds, J&J Steps Up Digital Push

 
• By Brian Yang

AstraZeneca has pledged $1bn to a healthcare fund to support local innovation in China, joining big pharma peers J&J and Merck KGaA in fresh moves to embrace this market, where a new wave of digital technology transformation and fast-shifting trends now favor novel new therapies and the rise of local health start-ups

Shanghai overpass
ASTRAZENECA TO SET UP GLOBAL R&D AND AI CENTER IN SHANGHAI • Source: Shutterstock

The rise of local innovation, artificial intelligence (AI) and mobile technology are fast changing the health industry in China, compelling large pharma multinationals to jump on board with these trends.

The latest company to do so, AstraZeneca PLC, has just announced several initiatives in a new show of commitment...

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