BioCentury
DATA GRAPHICS | Data Byte

NewCo boom picks up pace in 1H26

Halfway through the year, at least 13 West-based companies have launched with Asian assets, nearly matching 2025’s full-year total

June 25, 2026 3:54 PM UTC

Asia’s NewCo model appears to be accelerating. BioCentury has identified at least 13 companies launched this year with headquarters in the West and assets licensed from Asia — nearly matching the 14 formed in all of 2025, and already double the six in 2024.

If the pace holds, 2026 could produce the largest annual NewCo total yet. Since the start of 2021, BioCentury has identified at least 36 Asia-to-West NewCos...