Despite growing geopolitical risk, Western drugmakers are staying put in China—and that isn’t only down to the size of its market
Western drugmakers have aligned themselves with Beijing’s health priorities and are tapping local startups for innovative medicinesWestern-developed Covid-19 vaccines remain shut out of China, but Pfizer has signed a deal
with state-owned Sinopharm to bring new drugs to the market.SINGAPORE—Global pharmaceutical companies are bucking one of the biggest trends in business right now: they are still betting on China at a time when many multinationals
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