China News
INTERN DAILY
AstraZeneca inks China AI research deal for chronic diseases
AstraZeneca inks China AI research deal for chronic diseases
by AFP Staff Writers
London (AFP) June 13, 2025

British drugmaker AstraZeneca unveiled on Friday an AI-assisted research partnership with Chinese counterpart CSPC Pharmaceuticals worth up to $5.3 billion to tackle chronic diseases.

AstraZeneca, which has a pre-existing collaboration with CSPC, announced earlier this year plans to invest $2.5 billion in China.

"This strategic research collaboration underscores our commitment to innovation to tackle chronic diseases which impact over two billion people globally," said AstraZeneca executive vice president Sharon Barr.

AstraZeneca aims to develop a research and development centre of up to 1,700 people in the country.

CSPC will carry out the research in Shijiazhuang, using "their AI-driven, dual-engine efficient drug discovery platform", the firm said.

AstraZeneca said the agreement will see CSPC receive an upfront payment of $110 million, plus up to $1.62 billion in "potential development milestone payments" and up to a further $3.6 billion in sales milestone payments, along with annual sales-based royalties.

The multinational will also be able to exercise options for exclusive licences to develop and commercialise worldwide candidates identified under the deal.

ode/zap/cw/djt/lth

ASTRAZENECA

Related Links
Hospital and Medical News at InternDaily.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
INTERN DAILY
Regeneron to buy 23andMe out of bankruptcy for $256 mn
New York (AFP) May 19, 2025
Regeneron Pharmaceuticals said Monday it will buy genetic testing company 23andMe out of bankruptcy for $256 million, a deal that provides the US biotech company with data on millions of clients. New York-based Regeneron said it had been named the successful bidder in the bankruptcy auction for 23andMe, which has struggled with falling sales following a 2023 data breach that saw nearly seven million accounts affected. Regeneron CEO George Yancopoulos described his enterprise as "a science-driven ... read more

INTERN DAILY
China Establishes UN-SPIDER Regional Support Office at Wuhan University

Tiangong returns largest sample set yet for biological and materials science research

Space is a place to found a community not a colony

China's Shenzhou-19 astronauts return to Earth

INTERN DAILY
China, South Korea must safeguard free trade, Xi tells Lee

China factory output slows but consumption offers bright spot

Oil prices rise further as Israel-Iran extends into fourth day

Panama urges US not to involve it in disputes with China

INTERN DAILY
INTERN DAILY
Germany's Merz says 'no doubt' US to stick with NATO

Ukraine war 'existential', Russia says, launching revenge strikes

NATO wrestles over how to handle Ukraine at Trump summit

Zelensky tells backers Russia must be 'forced into diplomacy' as Lukashenko says China, Belarus facing Western 'pressure'balloon

INTERN DAILY
World Bank lifts ban on nuclear energy financing

Russia to build Kazakhstan's first nuclear power plant

UK pumps 14 bn pounds into nuclear plant on path to net zero

Rolls-Royce to build U.K.'s first small modular reactors

INTERN DAILY
DOD is investigating Hegseth's staffers over Houthi-strikes chats

Iran obtained 'sensitive' Israeli intelligence: state TV

Czech FM summons Chinese ambassador over cyberattack

Czech Republic blames China for cyberattack on foreign ministry

INTERN DAILY
World Bank lifts ban on nuclear energy financing

Russia to build Kazakhstan's first nuclear power plant

UK pumps 14 bn pounds into nuclear plant on path to net zero

Rolls-Royce to build U.K.'s first small modular reactors

INTERN DAILY
Trump admin ends halt on New York offshore wind project

Trump shift boosts offshore wind project: New York governor

Norway's Equinor slams 'unlawful' halt to US wind farm

US halts Equinor's huge New York offshore wind project

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.