Analysis-China’s biotech sector comes of age with big licensing deals, global ambitions

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Reuters

By Farah Master HONG KONG (Reuters) – If investors in China’s biotech industry needed one more sign that the sector is coming of age, then a major licensing deal RemeGen Co Ltd struck last month with Seattle-based Seagen Inc fits the bill. The agreement to co-develop cancer treatments using a RemeGen antibody drug conjugate is regarded as one of the biggest of its kind between a Chinese biotech and a Western firm. It provides for up to $2.4 billion in milestone payments, in addition to $200 million upfront as well as royalties if approved. It is also at least the fifth out-licensing deal poten…

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Saliva Collection Devices market was valued at 69.63 Million USD in 2020 and will grow with a CAGR of 6.95% from 2020 to 2027

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