U.S. FDA approves first Chinese cancer drug for use in American patients

November 18, 2019
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The accelerated approval is ahead of even China's own national drug regulator. The drug is a treatment for mantle cell lymphoma (MCL) in adult patients who have received at least one prior therapy and is the first in a raft of cancer drugs the FDA is readying for regulatory approval. In a vote of confidence in its pipeline, American generics giant Amgen, bought a 20.5% stake in BeiGene earlier this month for $2.7 billion to jointly develop cancer therapies. We expect more and more innovative and promising Chinese biotech companies to expand outside their own domestic markets, and clients should leverage this growing shift in strategy and find suitable entry points for partnership opportunities to benefit from this expansion.

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