China Surpasses US in Drug Development, Supply Chain

IndustryRegulation
โดย Yahoo Finance·CNUS·Read original
Summary · why it matters

China has pulled ahead of the United States in clinical drug development and supply chain, two of six domains measured in a June Cure Innovation Index survey, even as Big Pharma signs billion-dollar deals for Chinese-developed medicines. Dr. Nathan Goodyear of Williams Cancer Institute told Benzinga that roughly a third of new drugs Big Pharma licensed in came from Chinese labs, up from almost none a decade ago. Bristol Myers Squibb signed a $15.2 billion collaboration with Jiangsu Hengrui Pharmaceuticals in May covering 13 early-stage programs, while Merck reached a $2 billion licensing agreement in March 2025 for HRS-5346, a cardiovascular drug developed entirely in China. The U.S. Department of Health and Human Services launched Operation TrailBlazer in late June, and Congress introduced the Biotech Investment National Security Act to screen outbound biotech investment, building on the Biosecure Act signed into law in December 2025. The survey of 117 senior U.S. industry and academic leaders found 76% say the U.S. leads but China is closing fast, 85% say the U.S. lead lasts 10 years or less, and 72% agree China is improving faster than the U.S.

Impact on stocks 7

Biotech & Genomic Medicine▲ · 5 stocks
Bristol-Myers Squibb Company
BMY
▲ PositiveDemandrelevance

Bristol Myers Squibb signed a $15.2 billion collaboration with Jiangsu Hengrui covering 13 early-stage programs, expanding its pipeline.

Merck & Company Inc
MRK
▲ PositiveDemandrelevance

Merck reached a $2 billion licensing agreement for HRS-5346, a cardiovascular drug developed in China, adding to its portfolio.

Consumer Discretionary▲ · 1 stocks
Others▲ · 1 stocks
Jiangsu Hengrui Medicine Co Ltd
600276
▲ PositiveDemandrelevance

Jiangsu Hengrui is the source of licensed drugs, with a $15.2 billion collaboration with Bristol Myers Squibb and a $2 billion deal with Merck, highlighting its drug development capabilities.

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