China’s cell therapy market will grow into an exclusive space for domestic companies, at least over the coming years, after Gilead Sciences, Inc. on 13 September divested through Kite Pharma, Inc. its half stake in a local joint venture tasked with the development and commercialization of Yescarta (marketed as Yikaida in China) and Tecartus in the country.
Chinese Firms To Dominate Domestic Cell Therapy Market As Gilead Exits
Gilead’s divestment from a 50-50 joint venture with local partner, which came to light recently, will leave China’s cell therapies market under the total control of domestic players in the coming years.
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