Paradox Of China Biotech And What Lies Ahead In 2023

Growth Possible Without Strong Domestic Market?

The hard going could get even tougher as a funding crunch continues for China’s biotech sector, which is being hit by a paradox that could see more pain ahead, leading investors to take the pulse of the sector as the Year of the Rabbit starts.

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China biotech paradox and cash crunch loom large in 2023 • Source: Shutterstock

When Jimmy Zhang and Brad Loncar attended the 41st J.P. Morgan Global Healthcare Conference, held in-person for the first time in three years earlier this month in San Francisco, they were surprised to find fewer Chinese executives and investors had showed up.

This was partially because China had only just opened its borders to allow residents to travel overseas without needing quarantine...

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