Investors see confidence in China slowly back in 2023; seeking China-Japan opportunities
By Wang Fangqing
Biotech investors are cautiously optimistic about opportunities in China in 2023, and they are looking for novel or value-added assets only, said investors at the CMAC conference held in Suzhou in earlier this month.
“There still is some bubble left in China’s biotech industry and we don’t want to make drastic moves before the bubble is gone,” said Zhao Qun, partner at Suzhou-based venture capital Oriza. He said the company plans to make investments in the next one or two years.
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