Pfizer Divests Select China Prevenar 13 Rights, Staff As Domestic Firms Gain Traction

Competitive Presence Needed

Following in the steps of Merck & Co. and GSK, Pfizer is turning to a Chinese partner to more broadly market one of its top vaccines in the country - but the US firm is going one step further.

A woman wears a facemask as she walks by the Pfizer world headquarters in New York on November 9, 2020.
Pfizer divests China Prevenar 13 rights to local partner amid strong competition, scale challenges • Source: KENA BETANCUR/AFP via Getty Images (KENA BETANCUR/AFP via Getty Images)

Pfizer Inc. is divesting most rights to its Prevenar 13 vaccine (13-valent, pneumococcal polysaccharide conjugate) in China to a domestic company, in the latest localization move involving vaccines from multinationals.

On 24 November, a post on the Chinese social media site Little Red Book (similar to Instagram) noted the move...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

More from China

  • Iran Deal In Place, But API Prices Stay Elevated And Pharma Supply Chains Face A Slow Recovery

    A framework to end the Iran war is in place but fractured supply chains can’t recover overnight. Data from India suggests solvent prices have generally cooled from April peaks, but API costs stay elevated or even climbed in June for some products.

  • Embracing China’s Brave New Pharmaceutical World!

     
    • By 

    Already one of the world’s largest pharmaceutical markets, China has tremendous growth potential, but significant policy and market changes are rocking the basis of competition. Multinational biopharma corporations cannot succeed in this new environment unless they fundamentally reinvent their business models to adapt to sweeping change.

  • Spotlight On RDCs, AOCs As Leading Novel Bioconjugates[Updated]

    Pipelines in bioconjugates continue to develop, from ADCs to XDCs, with radionuclide drug conjugates (RDCs) and antibody-oligonucleotide conjugates (AOCs) leading the expansion.

  • Fosun ALK/ROS1 Inhibitor Shows 1L Promise In Advanced NSCLC

    Interim results from the Phase III REMARK study presented at WCLC showed the Chinese company’s second-generation ALK/ROS1 inhibitor met its primary endpoint as a first-line therapy in ALK-positive advanced NSCLC.

More from Focus On Asia