U.S. investigating Chinese state support, pricing in biotech sector

The U.S. government has initiated an investigation that could set the stage for trade, tariff, procurement, and industrial policy actions targeting China’s biotech ecosystem.

The U.S. International Trade Commission (USITC) investigation, announced Thursday, was requested by the Senate Appropriations Committee in a report accompanying a spending bill that was signed into law in January. It is separate from the Biosecure Act that was enacted in January. ...