AstraZeneca's Gracell Acquisition Injects New Excitement For Cell Therapy In China

$1.2bn Validation Of Chinese Capabilities

The UK drug maker’s latest deal marks the largest China biotech M&A deal to date, amid the lingering doom and gloom surrounding the fast emerging but cash-constrained sector.

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AstraZeneca acquires Gracell Bio in validation of China cell therapy innovation • Source: Shutterstock

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