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China’s pharma companies turn to Europe for growth

China has emerged as a powerhouse of biotech innovation, but local firms still face a steep climb toward financial stability and global growth. Swissinfo spoke with three Chinese companies navigating these hurdles as they set their sights on Europe. At this year’s Swiss Biotech Day in Basel in May, 12 Chinese companies – nearly double last year’s number – attended with the support of the China hub of Swiss Global Enterprise, the official government export and investment organisation. At least another 15 Chinese firms took part at their own initiative. This surge comes as Western giants like Roche and Novartis sign a record number of deals to license drug candidates from Chinese biotechs. Once known for copy-cat drugs, Chinese companies now account for 30% of clinical trial starts – up from 1% in 2009, according to healthcare analytics firm IQVIA. However, with dwindling domestic venture capital, intense local competition, and rising US scrutiny, many Chinese companies are looking ... Full story here Are you the author?
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SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
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