CRO competition intensifies as Chinese biotechs rush for global studies
By Wang Fangqing
Recent years have seen a growing number of Chinese biotechs doing their clinical studies outside China, reports The Pharma Letter’s local correspondent Wang Fangqing.
Among them are Junshi Biosciences (HKEX: 1877), whose PD1 antibody Tuoyi (toripalimab) started global studies in 2016 and is currently in various stages for multiple indications; Chi-Med (Nasdaq/AIM: HCM), which is conducting global studies for the MET inhibitor savolitinib, and Adagene, which is recruiting patients in China and the US for Phase I studies for its anti CD137 MAb ADG106, a cancer treatment.
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