Here Comes the Booming Chinese Biotech Sector
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What is the main topic discussed in this episode?
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Hey Oddlots listeners, we're coming to DC.
We're finally doing it, Joe. It's gonna be our first live show in Washington, DC, our nation's capital. It's also finally gonna be the time where we actually talk about the Jones Act.
We've been talking about doing the Jones Act episode of Odlots for a long time and it's become this recurring joke that we've never done. But we're gonna do it in grand style. Because we're going to be doing it live in DC and it's actually going to be a debate.
Yeah. So we have Sarah Fuentes from the Transportation Institute. She's going to be taking the pro side. And we also have Colin Graybau of the Cato Institute. He'll be taking the against side. It's going to be really interesting to see how all of that shakes out.
In addition to that, we're going to be speaking with Blair Levin, who was around during the telecom bubble. And we have Andrew Ferguson, the new head of the FTC, the one who's replaced Lena Khan. We're going to be talking about mergers and acquisitions and all that stuff. So it should be a really fun night.
If you want to come and join us for that evening, it's going to be on March 12th at the Miracle Theater. Go to Bloomberg.com forward slash oddlots and you can find the link to purchase tickets. We hope to see you there.
Bloomberg Audio Studios Podcasts Radio News.
Hello and welcome to another episode of the Oddlots Podcast. I'm Jill Weisenthal.
And I'm Tracy Alloway.
Tracy, you know, we talk a lot about China, talk a lot about cars and batteries. It's time for a Chinese uh biotech. It's Chi it's time for the Chinese pharma episode.
Uh Joe, it's just what I always wanted. Thank you so much. No, I am genuinely excited to talk about this. Uh one reason is because this is a sector that I don't really know that much about. Another reason is it has actually been in the news quite a bit recently with the cuts to NIH funding, which we've discussed and things like that. And then more generally, it sort of sits in that nexus of policy aimed at boosting specific sectors and also competition between the US and China.
That's exactly right. And it's like, you know, we've just gotten used to the fact that in many areas of sort of physical manufacturing There are very there are many industries in which China can compete and produce things either cheaper and higher quality, it seems like many areas related to batteries and automobiles and all kinds of stuff like that. We know that. And then of course we had like the deep seek moment and a bunch of people like, Oh, it's not just a physical things. It's not just gigantic plants. Also a lot of competition in areas like software, particularly artificial intelligence. Um, that raised all sorts of questions. And then lately the drum is beating that we have to take very seriously pharma and biotech.
And this is one of those areas that I think most people, uh certainly me, would say like in the year twenty twenty five still, my conception in my head is that the cutting edge is in the US and Europe still, which I can't say that for a lot of industries at this point.
I wanna know how medicines are actually made. I do too. And manufactured. I read a long time ago, I read a book about the Twinkie.
Oh.
And it broke down every ingredient that went into a Twinkie and where it came from. And it was really interesting because it turns out a lot of those ingredients came from China. I didn't know that.
I didn't know that either. But you know what? I we did where could uh did know because we briefly touched on it in our recent episode with the two fellows from Goldman Sachs about China's role in the pharmaceutical supply chain providing key ingredients to India, which then plays a key role.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:01–7:44
2
What is biotech and how does it differ from traditional pharmaceuticals?
7:44–19:59
3
How does the drug development pipeline work from discovery to market?
19:59–41:08
4
Why has China’s share of licensed molecules jumped from 0% to 31% in five years?
41:08–45:51
Speakers
7 identifiedMore from Odd Lots
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