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China's Drug Deals Surpass $1 Billion in 2026

3/5/2026

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Story summary
  • In 2026, two outlicensing deals between Chinese drug makers and global partners exceeded US$1 billion.
  • Sino Biopharmaceutical's deal with Sanofi is valued at up to US$1.53 billion.
  • Antengene Corporation's agreement with UCB is worth about US$1.18 billion.
  • As of February 24, 2026, China-originated outlicensing total reached US$52 billion from 41 transactions, after a record US$135.7 billion across 157 deals last year.