Big pharma drug licensing from China hits record high
Licensing agreements for Chinese drug candidates hit a record high in 2024, with large pharma in-licensing 28% of innovator drugs from Chinese biopharma companies.
Total deal values of innovator drug licensing agreements involving Chinese biopharma licensors surged 66%, from $16.6 billion in 2023 to $41.5 billion in 2024, marking a five-year high, according to pharma analytics company GlobalData.
Increased government investments in biopharma innovation have enabled faster, more affordable trials and improved drug quality in China, making licensing from China more efficient and cost-effective.
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