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Good morning, everyone, and welcome to another working week. We hope the weekend respite was invigorating and relaxing, because that predictable routine of meetings, deadlines, and what-not has, of course, returned. As always, we are coping with a few cups of stimulation, but also fortified by a delightful combination of a cool breeze and warm sun. In any event, this is an adjustment process. Meanwhile, here are a few items of interest to help you. We hope your day is productive and do keep us in mind when something fascinating arises …

Multinational drug makers in China are fighting to hold on to top talent as senior local staff leave to join a booming domestic biotechnology sector drawing record investment, The Financial Times tells us. They are joining a sector that received a record $11.7 billion of venture capital investment in 2017, more than double the $5.3 billion invested in 2016, with about $2.6 billion going to drug developers. In addition, Chinese drug companies raised more than $3.1 billion from equity markets last year, and billions more from licensing agreements.

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