China Emerges as Powerhouse for Biotech Drugs

SUZHOU, China — A new cancer drug licensed by Eli Lilly & Co. was discovered by a six-year-old startup on the outskirts of Shanghai, and derived from the ovary cells of Chinese hamsters. Lilly now is planning to test it on Americans.
Rival Merck & Co. aims to test a separate cancer drug in the U.S. this year, created by another startup near the border with Hong Kong.

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