this post was submitted on 24 Jul 2025
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AstraZeneca, Pfizer and other multinational drug companies have spent a record amount on medicines developed by Chinese biotechs this year

AstraZeneca has signed the most licensing deals with Chinese biotechs, at least $13.6bn of licensing deals with five companies so far this year

US pharmaceutical companies AbbVie, Merck, Pfizer and Regeneron also signed multibillion-dollar licensing deals in the first half of 2025.

Pfizer signed the biggest Chinese licensing deal this year, a $6bn agreement with 3Sbio to develop a cancer drug

All this [pharmaceutical] money has gone into China because China has invested in their industry while the US government has not,” Axelsen said.

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US spent the better part of the 20th century becoming a science and technology powerhouse. We are pissing away that advantage at lightning speed.