167.00 Dollar US$ China biotech's 'coming out party' masks long road ahead Pontault-Combault

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Funeral Director Published date: November 14, 2017
  • Country: United States
  • Region: ILE-DE-FRANCE
  • City: Pontault-Combault
  • City area: 77340
  • Address: 71 Rue De La Boetie, Pontault-Combault

"situsBy Ben Hirschler and Adam Jourdan

LONDON/SHANGHAI, Oct 19 (Reuters) - Investors are betting on China's potential to feed the global pharmaceutical pipeline, putting a multi-billion-dollar price tag on a handful of stocks, even as the country struggles to close a huge R&D gap with the West.

Shares in firms such as Chi-Med, Beigene and Zai Lab have soared on international markets this year, fuelled by hopes for their drugs and recent reforms to China's regulatory system that should speed up approvals.

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