Pfizer CEO says US pharma industry needs to collaborate with China (www.reuters.com)

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Pfizer Chief Executive Albert Bourla said on Tuesday that the U.S. pharmaceutical industry needs to collaborate with China’s, where speedy processes have vaulted it to 30% of global drug development over the past decade.

"Chinese biotech firms accounted for nearly 1/3 of all large pharma drug licensing deals last year, a major shift in where innovation is sourced," Bourla said

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