US Top News and Analysis | Bristol Myers Squibb turns to China to develop new drugs in newest cross-continent collaboration
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Bristol Myers Squibb announced a multi‑billion‑dollar partnership with China’s top drugmaker Hengrui Pharma to develop roughly a dozen new medicines, including four experimental compounds that BMS will send to China for early‑stage clinical testing. Unlike typical licensing deals where U.S. firms outsource Chinese discoveries, this reciprocal arrangement has both companies contributing assets and jointly discovering novel drugs, signaling a shift toward a “global mesh” model of R&D. Industry observers note that American and European biopharma firms are increasingly turning to China for faster, cheaper early‑stage research—potentially cutting development time by half and costs by two‑thirds—while later‑stage trials remain U.S.‑centric to satisfy FDA requirements. The deal underscores China’s growing role as a central hub in global drug development rather than merely a source of one‑off molecules.
Read more: https://www.cnbc.com/2026/05/15/bristol-myers-squibb-turns-to-chinas-hengrui-to-replenish-pipeline.html
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