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Alibaba's Historic $2.8bn Fine Signals Coming Antitrust Wave In China

Pharma Industry Group Prioritizes Compliance

 
• By Brian Yang

China's historic antitrust fine against Alibaba indicates regulatory attention to anticompetitive practices is mounting. Past cases show the pharma sector is not immune and while it remains segmented, investigators appear to be taking a generally more sophisticated approach to transgressions. 

Antitrust law gavel
HISTORIC ALIBABA FINE SIGNALS NEW WAVE OF ANTITRUST LITIGATION • Source: Shutterstock

Citing antitrust and anticompetition violations for sales methods used by Chinese e-commerce giant Alibaba’s TMall and its giant mobile payment platform Alipay, Chinese authorities have handed a record-setting fine to Jack Ma’s empire, potentially igniting a new wave of antitrust ligation in China with far-reaching implications.

After months of speculation, the other shoe has finally dropped, with the fine of CNY18.23bn ($2.78bn) the highest so far levied on a single corporation in the country. On 10...

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Ascentage Broadens Horizons As Pipeline Shows Renewed Promise

 
• By Xu Hu

Ascentage will share at ASCO new clinical data on its Bcl-2 inhibitor lisaftoclax, part of the Chinese firm's novel pipeline, on which its CEO shared with Scrip plans and strategy, along with some views on the use of RWD in China.

Strong Data For CARsgen’s CAR-T In Late-Line Gastric Cancer

 
• By Dexter Jie Yan

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Hengrui Set For Biggest Biopharma IPO So Far This Year

 
• By Dexter Jie Yan

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China Biopharma Podcast

 
• By Dexter Jie Yan and Xu Hu

Join our China-based editors Dexter Yan and Xu Hu in this Chinese-language podcast looking at some of their recent interviews and other key coverage.

More from Focus On Asia

Tech Convergence, Quality Data Needed To Accelerate Korea’s AI-Powered R&D

 
• By Jung Won Shin

AI-powered drug development was a major topic at the recent Bio Korea meeting, where experts discussed how the technology is changing R&D activities and the challenges being faced by Korean firms as they look to catch up with their global competitors.

Strong Data For CARsgen’s CAR-T In Late-Line Gastric Cancer

 
• By Dexter Jie Yan

In first confirmatory randomized controlled trial of any CAR-T therapy in solid tumors, CARsgen’s Claudin 18.2-targeting satri-cel reduced risk of death or disease progression by 63% in Chinese patients with gastric/gastroesophageal junction cancer.

Pharma Women’s Workforce In India: Weak Start, Promotions, C-Suite Drop Off

 
• By Anju Ghangurde

McKinsey senior partner Vivek Pandit talks to Scrip about some of the intricacies underlying the key findings of a study on pharma’s workforce gender gap in India. Women’s representation starts low at entry level, peaks at senior manager positions and falls off again for C-suite roles, this found.