# Chinese biotech out-licensing hits $137.7B in 2025, tenfold rise from 2021

- slug: chinese-biotech-out-licensing-hits-1377b-in-2025-tenfold-rise-from-2021
- date: 2026-04-15
- category: Biotech & Life Sciences

China originated $137.7B in drug licensing deals last year. Now Western pharma is paying billions to rent the molecules it used to own.

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