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China’s biotech firms move up value chain as drug deals evolve beyond licensing: analysts

China’s biotech firms move up value chain as drug deals evolve beyond licensing: analysts
South China Morning Post Saturday 26 September 2026, 01:00 UTC By Xinmei Shen 1 min read
Key Points

Chinese biotech deal making is moving beyond the licensing of individual drug candidates, as the country transforms from a follower to a global innovation leader, according to analysts. The latest transaction underscores that shift. Beijing-based cancer drug developer InnoCare Pharma said on Thursday that it had entered into a strategic research collaboration and licensing agreement with US pharmaceutical giant Eli Lilly that could be worth up to US$3.35 billion.

Chinese biotech deal making is moving beyond the licensing of individual drug candidates, as the country transforms from a follower to a global innovation leader, according to analysts. The latest transaction underscores that shift. Beijing-based cancer drug developer InnoCare Pharma said on Thursday that it had entered into a strategic research collaboration and licensing agreement with US pharmaceutical giant Eli Lilly that could be worth up to US$3.35 billion. InnoCare said it would use its... [Image text:] 08743665001 5131
China (LOCATION) Chinese (ORG) Beijing (LOCATION) InnoCare Pharma (ORG) US (LOCATION) Eli Lilly (ORG) InnoCare (ORG)
Originally published by South China Morning Post Read original →

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