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China's Ascletis aims to speed pace by in-licensing; first deal with Alnylam
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Ascletis: Cash for China deals
By Stephen Hansen
Senior Writer
Published on
Monday, August 6, 2012
While Ascletis
Pharmaceuticals Co. Ltd. aspires to discover its own drugs, it is
employing a two-pronged strategy that includes in-licensing clinical candidates
for the Chinese market. Its first external compound comes from Alnylam
Pharmaceuticals Inc.
According to President and CEO
Jinzi Wu, Chinese government support for life sciences has created an
environment primed for biotech startups, expanding both the clinical research
infrastructure and the talent pool in China, which enables novel drug discovery
and development.
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