Global pharmaceutical groups are racking up impressive growth in China. The trend will continue — at least until domestic rivals emerge, writes rob_cyran.
Amgen will acquire a 20.5% stake in BeiGene in a deal that will enable the California-based biotechnology company to expand its presence in China, according to statements released by the companies on Oct. 31. Amgen said it will pay around $2.7 billion in cash, or $174.85 per BeiGene ADS, a 36% premium to the 30-day volume weighted average price.
In return, Beijing-based BeiGene has agreed to commercialize three Amgen cancer drugs in China. The two companies will also collaborate on development of Amgen's oncology pipeline. Sanofi said on Oct. 31 that sales in China grew 14% in the third quarter, compared to the same period last year, driven by pharmaceuticals and vaccines. On Oct. 29, Merck said revenue from China rose 84% over the same period.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
‘Terminator: Dark Fate’ Doesn’t Find Salvation Overseas; ‘Joker’ Jumps To $934M Global – International Box OfficeRefresh for latest…: Paramount/Skydance/Fox’s Terminator: Dark Fate found little salvation in its wider offshore rollout this weekend. Handled overseas by Disney, it came in below pre-weekend…
Baca lebih lajut »
Saudi Aramco chairman says firm will continue to meet global oil supply demand post listingSaudi Aramco's chairman Yasser al-Rumayyan said on Sunday the state oil gia...
Baca lebih lajut »
Kerry Washington Talks Racial Identity and Creating a Global Conversation with Netflix’s ‘American Son’At a pivotal moment in Netflix’s “American Son,” Kerry Washington’s Kendra reveals that her biracial son Jamal feels like “the face of the race,” existing only t…
Baca lebih lajut »
Why global investors want access to China's gold market - Business InsiderChina has grown to become one of the biggest gold-trading markets — just behind New York and London — and more international investors want access.
Baca lebih lajut »