• Chinese pharmaceutical companies saw technology exports nearly double in 2023, reaching a record high of 80 cases, signaling growing global influence.
• FDA approved Junshi Biosciences' Toripalimab for nasopharyngeal cancer and Bio-Thera Solutions' Avitinib, highlighting recognition of Chinese therapies.
• Multinational firms like Merck and Johnson & Johnson have invested billions in Chinese biotech, developing drugs like Carvykti for multiple myeloma.
• China leads in CAR-T clinical trials, accounting for 51% globally, but Korean bio companies face stagnation in technology export amounts.