Better Together: New Deal Adds Weight To China Biosimilar/Biobetter Swap

Perhaps encouraged by the recent successful initial public offering of Innovent Bio, more biologics developers in China are turning towards innovative biologics and away from traditional biosimilars.

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New Deal Shows Henlius Turning To Innovative Biologics over Biosimilars • Source: Shutterstock

In a move indicative of broader trends, Abclon Inc. of South Korea has licensed out global sales rights to its novel HER2-targeting therapeutic monoclonal antibody AC101 to Shanghai Henlius Biotech, which with a valuation of close to $3bn is one of China's largest biotech unicorns. 

Henlius, part of Fosun International Ltd., is at the forefront of the country’s biosimilars development, but the latest deal...

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