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China’s rising biotech clout on show in flurry of billion-dollar licensing deals (www.scmp.com)

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Chinese drugmakers have signed a late-year burst of out-licensing agreements with overseas partners, underlining China’s growing role as a source of novel medicines as multinational pharma groups hunt for new assets. Jacobio Pharmaceuticals said it expected to receive an upfront payment of US$100 million from AstraZeneca, according to a filing to the Hong Kong stock exchange on December 21. The British-Swedish drugmaker was paying for exclusive rights to research, develop, register, manufacture...

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