This is going to blow back on China. Watch as Chinese are deprived of life saving medicines due to sanctions or war.
News on China's scientific and technological development.
- Thread starter Quickie
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SCMP will never tell you the complete story ...
AstraZeneca second Manufacturing and 5th Global R&D center opened in Shanghai this year. they have invested Billions of Dollars in mainland. and work autonomously in China.
''AstraZeneca has announced its fifth global strategic center in Shanghai, joining centers in Cambridge, UK, Boston and Gaithersburg in the US, and Gothenburg, Sweden''
The acquisition of Gracell Biotechnologies by AstraZeneca is fine. there is stiff competition in mainland. they suffered loss so AZ bought this company. invest money , research and all Patents registered in mainland.
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Chinese made drugs are gaining popularity in the West. In 2023 the FDA approved three Chinese drugs, all used to treat various types of cancer. Really incredible development and is a testament to the skills and expertise of the Chinese pharma industry.
A new breast, pancreatic, and lung cancer drug developed by Kexing Biopharm, a Chinese maker of recombinant protein medicines, has been given the green light to enter the European market.
all deals have reviewed by the ministry of commerce then approved.. mainland have tons of companies in same category of medicine and drugs..
“The first full takeover of a Chinese biotech firm by a multinational drug maker was last year’s deal to sell Gracell Biotechnologies, a developer of cutting-edge cell therapies for cancer and autoimmune diseases, to AstraZeneca.
This was followed in January by Novartis’s acquisition of Shanghai-based SanReno Therapeutics, which specialises in developing therapies for kidney diseases.
Last month the US investment news platform StreetInsider reported that Legend Biotech, which has made its name with a cutting-edge cell therapy, had received a takeover offer.
The FiercePharma website later reported that Johnson & Johnson and Novartis could be interested in the firm.
Founded in 2014 in Nanjing, Legend Biotech specialises in developing cell therapies for cancer patients, including Carvykti, a type of CAR-T therapy.
CAR-T is a type of immunotherapy that takes disease-fighting white blood cells called T-cells from a patient, re-engineers them and then infuses them back into the body.
Carvykti was approved by US and European regulators in 2022 and global sales revenues have risen to third place among all CAR-T therapies.
Last month, the Chinese healthcare research organisation Yiyao warned in an article published on its WeChat account that selling the company might raise the price of CAR-T therapies in the domestic market.
Domestically produced drugs are often cheaper in China than foreign ones as a result of factors such as intensifying market competition and a government-dominated pricing system that encourages companies to lower their prices”.
Chinese companies are blocked from buying Western semiconductor companies but Western companies are free to buy Chinese biotechnology companies. This is unequal treaty level bullshit. Chinese government should demand that if they want to buy Chinese biotech firms, then China must be allowed to buy Western semiconductor firms.
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bro just relax and read my above massage on this topic.
you have no idea, how many smaller/big companies Chinese firms bought from European countries in last 2 decade..
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KLA/ASML/LAM/Applied Material/Nikon/Canon and many more.. all these are strategic companies. do you think any country can allow to sale these companies to China. its foolish to think about it.
NAURA/AMEC/ACM/kingSemi/Piotech/SMEE/CIOMP these are our domestic semi firms.. and we are building entire supply chain of integrated circuit. from machines to material and software..
China doesn't need to purchase any western firm. i m sure you are following semiconductor thread well. keep continue to follow for latest update .. thanks
Western governments have imposed all sorts of restrictions on Chinese companies buying any Western companies in critical sectors. Biotech is one of the 4 critical technologies along with AI, semiconductor, quantum computing where the US and EU have imposed bans and restrictions on Chinese companies. These 4 technologies are critical for the future. Read their national security documents.
China need all the domestic companies in the 4 technologies to be self-sufficient.
this is what exactly Chinese government doing this ..
self-sufficiency in all Major High tech industries.. Party has strict orders. i have told many times and post some data too.
basic foundation has laid down in all critical high tech industries.. such as integrated circuit , aviation , Ai , Quantum and Medical equipment .. we are about to dominate in high tech industries..
Giving away your highly promising startups in critical sectors is simply idiotic. Many European AI startups were bought out by US firms and now Europe is nowhere in AI. I don’t care if they buy a hotel chain or drinks firms or home appliance firm which are in the non-critical category. Anything emerging technologies related should be off limits for foreign takeover. Anyway that’s just my opinion.
bro come on .. i have told you please read my massage above on this topic.. why AstraZeneca purchased that company ..
some acquisition of Chinese companies hardly make any difference.. if you are from china then you might know how difficult is for foreign firm to take over some Chinese company..
for example, Ministry of commerce bans export of core solar panel technologies include equipment..
Trade and tech war changed everything.. now even a minor deal goes through scrutiny from respective department..
China could always impose exit bans for these companies’ technology, talent, and equipment in the event of a major US sanction or conflict. As long as they can’t take their investments out of China it’s more to China’s benefit than the US’s. Remember the best retaliation to the US seizing Chinese assets & investments outside of China are to counter seize its assets & investments in China.