Chinese Biotechs Reshuffle Pipeline, Cut Headcount To Stay Afloat

Two bioventures in China have jettisoned immuno-oncology assets, including PD-1/L1- and CD47-targeting agents, while four other firms have disclosed shifts in R&D priorities and employee lay-offs as they deal with challenging conditions.

save on R&D spending
More Chinese biotechs seek to conserve cash by reshuffling pipelines • Source: Shutterstock

Six Chinese biotechs are reshuffling their research and development programs to conserve funds amid the persistent downturn in the sector, the companies disclosed in their annual results for 2022.

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