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Chinese Pharma Looks To Out-Licensing As Domestic Downturn Bites

 
• By Dexter Jie Yan

China's biopharma firms including Hengrui Medicine and HUTCHMED actively pursue licensing partners for their drug assets as the economic downturn caused by domestic COVID flare-ups continues worsening. Meanwhile, there are some predictions that smaller biotechs in the country may need to tap into multinationals' deep pockets to raise new funds.

lifeline and straws to clutch at
struggling Chinese drug makers scramble for licensing deals amid economic downturn • Source: Shutterstock

Chinese pharma companies, more established drug makers and biotech start-ups alike, are increasingly looking to license out rights to their product candidates to global partners in an effort to weather the ongoing economic downturn at home.

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