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US-China summit saw major new deals, but will they hold up?
The same day in May that President Donald Trump flew to Beijing for the first state visit to China of his second term, Bristol Myers Squibb inked a deal worth $15.2bn with Jiangsu Hengrui Pharma, China’s largest pharmaceutical company by market capitalisation. The deal – one in a series of recent multi-billion-dollar licensing agreements by Big Pharma with Chinese drugmakers – embraced early-stage Chinese drug innovation as solution to its pending patent cliff and navigated around Washington’s hard-edged, bipartisan China consensus. The timing of the summit and the blockbuster strategic partnership were ... (full story)
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- Jun 8, 10:15pm | 6 hr ago Posted byFundamental Analysis1,826
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