China’s Outbound
Pharma Play
Trends, Challenges and a Reshaped Global Deal Landscape
Global pharmaceutical deal value soared to a record USD 275.1 billion in 2025, with Chinese companies creating nearly half of that value.
As outbound licensing activity accelerates, global pharma companies are competing fiercely for high-potential assets while facing mounting pressure to execute increasingly complex cross-border deals faster, manage diligence at scale and modernize outdated workflows.
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