Chinese biotech stocks are experiencing a significant resurgence, with the Hang Seng Biotech index up 61.8% this year, driven by innovations in cancer treatments and competitive drug licensing to Western firms. Despite past challenges, investor optimism is returning, particularly around PD-1 immunotherapy advancements and lower research costs in China, although US-China tensions remain a concern for the sector.
Explain It To Me Like I’m 5: Chinese biotech companies are seeing a big increase in their stock prices because they are developing new cancer treatments that are exciting to investors.
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