STAT+: Report shows U.S. biotechs are wary of Chinese partnerships due to looming BIOSECURE Act

A looming anti-China biotechnology bill has spooked U.S. life sciences companies, according to a new report.

The report by the China-based L.E.K. Consulting quantifies what until now has been mostly a vibe check. At this year’s Biotechnology Innovation Organization’s international conference, multiple biotech companies told STAT they plan to switch from striking deals with Chinese companies to U.S.-based drug manufacturers, even though doing so will be more costly, and the BIOSECURE Act is still just a proposal, albeit one with traction in Congress.

“The Act, regardless of passage, is likely to reshape how the global biopharma industry operates,” the report states.

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