SAN FRANCISCO — If last year was a chance for Chinese companies to bet big on biotech and pharma — and also to contend with some disappointment and scandal — this year already appears to be a chance for them to flood the zone.
Chinese companies had a noticeably more visible presence at this week’s J.P. Morgan Healthcare Conference, the industry’s biggest business gathering of the year. U.S. executives and investors have been soaking up the pitch for Chinese biopharma and showing enthusiasm.
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This was a very disappointing fluffy article with only one fact, that one of the many conferences has more attendance. Everyone I know is astounded by the decline in the number of Chinese attendees and with what feels like a decline overall in attendance at Biotech Showcase and JP Morgan. That is an important story because it is a weathervane for things to come. Maybe I and a twenty other people are wrong in our view that this is a very different attendance profile. That is why we need Stat to really analyze this.