COVID Unrest, Health Sector Deep Freeze Hits Chinese Biotechs Hard
Some Already Responding To Challenges
Executive Summary
Much of the biopharma and other health-related industries in China were already feeling the chill from ongoing macro-economic and other headwinds this year, which now look set to be complicated further by the added strain of social unrest over strict COVID containment policies. The combination of factors is already prompting some to take steps towards restructuring and divestments to survive.
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