Foreign outfits debut innovative medicine in China

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Biopharmaceutical companies FibroGen and AstraZeneca have set up a strategic collaboration to develop and commercialise the oral compound FG-4592, with China as their first option for launching the product, at least two years earlier than any other market, a lawyer involved with the deal said.

Michael Cripps
Michael Cripps

“China is working hard, and very effectively, to encourage large multinational corporations and small startups to utilise China contract research organisations, and to develop, trial [or] launch new innovative medicines in China,” Michael Cripps, a Shanghai partner at Clyde & Co, told China Business Law Journal.

Clyde & Co advised FibroGen on all China aspects of the deal, and the firm’s team was led by Cripps.

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