From IPOs To Industrial M&A: The Evolution of China’s Pharmaceutical Dealmaking

In 2023, China emerged as the second largest exporter in the global biopharmaceutical pipeline. While innovation, international expansion, and commercialization remain pivotal, the industry's growth has increasingly relied on industrial efforts due to less active capital markets.

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In 2023, China was the second largest product/technology exporter in the global biopharmaceutical pipeline, with 143 pipeline transactions, runner up only to the US.

In China’s biopharmaceutical industry, it’s widely accepted that innovation, international expansion, and commercialization are key strategies

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