Looking Beyond BioNTech/Biotheus To Future Potential China Deals

Bispecifics/ADCs To Attract More Foreign Interest?

BioNTech and Biotheus’s recent acquisition deal and the current tough funding environment for Chinese biotechs may point to further potential transactions at attractive valuations. Bispecific antibodies and ADCs in oncology are possible targets for cross-border deals.

What to expect next?
Bispecific antibody and antibody-drug conjugate in oncology will still be the popular targets for cross-border deals in 2025. (Shutterstock)

BioNTech’s close to $1bn acquisition of Biotheus announced earlier this month marked another big M&A deal between a Chinese biotech and a foreign firm following AstraZeneca’s roughly $1.2bn buyout of Gracell Biotechnologies announced at the end of last year.

The transaction will see BioNTech take full ownership of BNT327 (PM8002), an investigational PD-L1 x VEGF-A bispecific antibody, that the two firms had previously partnered...

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Xu Hu

Read more by Xu Hu

Xu is a senior reporter and covers aspects on policy and regulations in China pharma industry within the APAC Pharma news team.

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