With companies like Beigene pioneering the road for intercontinental operations, a new trend has emerged – overseas biotechs, particularly many Chinese based companies, are growing US based satellite offices and tapping into local talent. Though the cost of labor is exponentially higher, the US market and approval process may outweigh the costs. What are your thoughts?
Chinese companies that gain toeholds in the U.S. are poaching executives from U.S. companies who have significant clinical and regulatory experience.
Source: Chinese Pharma and Biotech Companies Tap U.S. Talent | BioSpace
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