Finance lags rivals, but innovation offers path to Asian-Pacific growth
Biotech companies in the Asia-Pacific (APAC) region are trailing Western rivals in terms of venture capital financing, according to a report from GlobalData.
While financing for early-stage companies headquartered in the region has increased in recent quarters, the levels of investment for APAC companies was found to be three times smaller than for US counterparts, between 2018 and 2022.
Over this period, companies in the APAC region received $23 billion for the development of innovative early-stage drugs, while American biotechs received $72 billion.
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