San Diego Business Journal

Biotech Turns to China

Local Cos. See Deep Pool Of Investment Dollars And Potential Access to Biggest Foreign Market By Brittany Meiling Originally published May 15, 2017 at 10:17 a.m., updated May 15, 2017 at 10:17 a.m.
   

Chinese Investment on Rise in San Diego

→ S.D. saw more investment deals with China in the last 18 months than any other country

→ The San Diego Regional EDC counted at least 13 deals worth over $203 million in foreign direct investment from China

→ Over half of all investment dollars went to biotech and pharmaceutical companies

— Local biotechs are increasingly teaming up with deep pockets in China, tapping flush investor groups that only recently became safe bets for companies guarding trade secrets...

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