Why investors are chasing US biotechs with Chinese characteristics
Drugs developed in Asian nation are increasingly being used to seed US start-ups
Drugs developed in Asian nation are increasingly being used to seed US start-ups

Clinical studies can be finished faster and cheaper than in US and provide an earlier sign of a drug’s potential

A shortage of late-stage capital pushes the biggest prizes into US hands

Regulators crack down after trading in ‘toxic’ small-cap stocks from China inflicted losses on US investors

Reforms, faster development and lower costs have turbocharged growth

More drugs entering middle or late-stage development drive up demand

Global pharmaceutical companies are aggressively searching for new medicines in China