Veytics Intelligence
2026-10-02 · CNBC

Big Pharma turns to China for new drugs as patent cliff drives multibillion-dollar deals

Novartis has signed a deal worth up to $7.8 billion, in the latest of a flurry of tie-ups between Big Pharma and Chinese biotechs. The Swiss pharma major is entering a licensing agreement with China-based Abogen Biosciences for its lead asset, an early-stage experimental treatment for autoimmune disease, Abogen said in a statement on Friday.

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