https://archive.is/rS9Cg

AstraZeneca, Pfizer and other multinational drug companies have spent a record amount on medicines developed by Chinese biotechs this year

AstraZeneca has signed the most licensing deals with Chinese biotechs, at least $13.6bn of licensing deals with five companies so far this year

US pharmaceutical companies AbbVie, Merck, Pfizer and Regeneron also signed multibillion-dollar licensing deals in the first half of 2025.

Pfizer signed the biggest Chinese licensing deal this year, a $6bn agreement with 3Sbio to develop a cancer drug

All this [pharmaceutical] money has gone into China because China has invested in their industry while the US government has not,” Axelsen said.

  • friend_of_satan@lemmy.world
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    6 days ago

    The political administration in USA is basically saying they don’t want to be a leader in scientific advances. What else do we expect to happen?

    • jjagaimo@sh.itjust.works
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      6 days ago

      Put us behind the rest of the world so that we would be forced to play catch-up by investing a bunch of money, and then have the government funnel that money into private corporations owned by tech billionaires