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Diversification Gains Momentum As Companies Look To Derisk China

But Innovation Sourcing Still Strong

 
• By Brian Yang

Quietly but unambiguously, pharma firms are accelerating their diversification away from China and are now looking to other emerging markets for growth, a strategy that reflects increasing pressures from China's volume-based procurement scheme but also US-China tensions and other geopolitical risks.

Scrip Editor moderats a panel discussion on ecosystem during Asia Biotech Partnering Forum, held in Singpapore April 24-25
the author (far left) takes part in a panel at the recent Asia Bio Partnering Forum In Singapore • Source: courtsey of EBD/Informa Connect

In a significant shift, there is new evidence that pharma and biotech companies are increasingly turning away from China and looking at other emerging markets to drive growth.

During its latest quarterly earnings call, AstraZeneca PLC, traditionally one of the staunchest believers in the China market, indicated...

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