Western companies are investing in Chinese biotech even amid continued geopolitical tension between China and the West and decreasing appetite for foreign investment in China; Two lithium battery part manufacturers, Capchem and Kedaliplan, plan to build factories in the U.S. to avoid hefty lithium battery tariffs; and Chinese pharma firm Asymchem to take over U.K. Pfizer plant.
Four Western life science investors are entering a licensing deal with Chinese drugmaker Jiangsu Hengrui Pharmaceuticals for $400 million, an indication of the growing trend of out-licensing deals by Chinese biotech firms,
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