China eyes more in-licensing deals
By Wang Fangqing
Chinese biotechs will seek more cross-border licensing deals in the coming years, especially for early-stage assets, said speakers at the annual China Healthcare Investment Conference (CHIC) held in late March in Shanghai.
“In-licensing deals are very challenging for Chinese biotech companies because they require a large amount of capital. That’s why we focus on early state assets. But it will require you have a strong R&D team,” said Frank Zhang, chief executive of the Nanjing-based contract research organization (CRO) GenScript, which owns the biotech firm Legend Biotech.
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