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Stock impact report

Analysis-China biotech licensing boom to hit record in 2026 as pipeline swells [Yahoo! Finance Canada]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
HONG KONG/SHANGHAI, Feb 13 (Reuters) - Global drugmakers are stepping up their search for China-developed experimental medicines as they cut costs ahead of patent expirations, with industry analysts predicting licensing deals will surge to a fresh record this year. The value of such deals signed by ?companies in the greater China region - which includes Hong Kong, Macau and Taiwan - rose nearly tenfold last year from 2021 to an unprecedented $137.7 billion, according ?to data provider Pharmcube. Mainland China has overwhelmingly been at the centre of that search, with global drugmakers including Novartis, Merck and GSK inking major agreements last year. "The total value of these licensing-out deals is on track ?to double again over the next 18-24 months," said Tom Barsha, head of Asia Pacific M&A at BofA Securities, who has advised on such deals. "There is strong focus among global pharmaceutical companies to identify the next generation of innovative drugs pipeline in China, Show less Read more
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