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Lockdown To Reopening: China Rebound Uncertain As Biotech Remains In Survival Mode

Post-'COVID Zero' Reawakening

 
• By Brian Yang

The short-notice reopening of the country made 2022 a tough year for the health sector in China, where divestments, cash crunches and commercial challenges abounded. Throughout the year, despite clinical trial activity continuing to blossom, multiple Chinese innovative drug developers faced setbacks in the US from regulatory rejections of oncology products. Meanwhile, others quietly scaled back their operations in China, hit by the negative impact of deep price cuts.

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Trends and issues impacting China biotech sector in 2022 and outlook for 2023 • Source: Shutterstock

Another year, another set of pandemic restrictions and disruptions. 2022 was when much of the Chinese healthcare sector, both small and large, domestic and international firms, felt the chill of Beijing’s highly restrictive “COVID Zero” policies, deepening US-China decoupling, the wider global economic downturn and domestic commercial challenges.

Then, by the end of the year, many of the pandemic-related measures had been suddenly lifted, driving further turmoil in...

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