Syngene International Ltd. ’s earnings for the fourth quarter of fiscal 2024 may have been dulled by lower demand for R&D services amid a tough US biotech funding environment, but an acceleration in interest across big biopharma looking at the China plus one option to derisk their business augurs well for the Indian firm going forward.
Syngene Chief: Large Cap Biopharma Taking China 'Rotation' More Seriously
A material shift in China derisking discussions by big biopharma against the backdrop of the proposed US BIOSECURE Bill is seen presenting opportunities for Syngene, though the tight US biotech funding environment dampened demand for the Indian CRDMO’s R&D services in Q4.
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