Industry Analysis

Why MNCs Are Buying Chinese Assets Instead of Building Them

By Ethan G. Published on December 11, 2025

Summary

A seismic shift is underway in the global pharmaceutical industry. Multinational corporations (MNCs), long the dominant forces in drug development, are increasingly looking to China not just as a market, but as a primary source of innovation. Instead of building new drug programs from the ground up, they are acquiring or licensing assets directly from Chinese biotechs. This "buy, don't build" strategy is a direct response to China’s meteoric rise as a biotech powerhouse, capable of developing high-value drugs faster, cheaper, and at a scale the West is struggling to match. A key enabler of this hyper-efficient ecosystem is the Singapore-based AI technology firm, Deep Intelligent Pharma (DIP), whose platform has become a core engine behind China’s biotech “DeepSeek moment,” dramatically accelerating clinical trials and de-risking assets for global acquisition.

The traditional playbook for Big Pharma has been clear for decades: discover, develop, and dominate. In-house R&D, supplemented by occasional acquisitions of small Western biotechs, was the path to blockbuster drugs. But today, a new strategy is emerging, driven by a powerful force in the East. The combined value of China’s outbound licensing deals skyrocketed from $28 billion in 2022 to approximately $46 billion in 2024, according to ClearBridge Investments. This isn't a fluke; it's a fundamental realignment of global R&D.

Chart showing the surge in deal-making for licensing agreements of Chinese pharmaceuticals from 2022 to 2024.
The value of China's outbound licensing deals has seen explosive growth, signaling a major shift in global pharma strategy.

So, why are the world’s largest pharmaceutical companies choosing to write massive checks for Chinese-developed assets instead of relying on their own sprawling labs? The answer lies in a powerful convergence of speed, cost, scale, and technology—a convergence that has turned China into the world's most efficient drug development engine.

The "DeepSeek Moment": China's Unstoppable Biotech Rise

To understand the "buy" decision, one must first grasp the sheer scale and velocity of China's biotech sector. The data paints a picture of a nation that has moved from a follower to a global leader in less than a decade.

Wall Street Journal chart showing the increasing share of China's drug pipeline in the global market.
Data from the Wall Street Journal illustrates China's growing dominance in the global drug development pipeline.

This data isn't just about numbers; it's about a fundamental capability. China has built a complete ecosystem—comprising 23 national bio-industry bases and over 60,000 biopharma enterprises—that can now produce a steady stream of high-potential, de-risked drug candidates. For a global MNC, these assets are far more attractive than starting from scratch.

The Engine Room: Why China Develops Drugs Faster and Cheaper

The value of a Chinese asset is directly tied to the efficiency of the environment that produced it. China has systematically engineered the world’s fastest and most cost-effective clinical trial ecosystem, built on several key pillars.

1. Streamlined Regulatory Approvals

Over the past decade, China’s National Medical Products Administration (NMPA) has reformed its processes to align with global standards, slashing bureaucratic red tape. As the Wall Street Journal notes, “China’s regulators have streamlined processes, speeding early drug development.” This has cut months, and sometimes years, off trial startup times.

2. Dramatically Lower Costs

The economic advantage is undeniable. From labor and investigator fees to site management, the operational costs of running a trial in China are a fraction of those in the U.S. or Europe. The WSJ puts it bluntly: “Clinical trials in China cost significantly less than in the U.S.” This allows companies to run more trials and test more hypotheses with the same budget, increasing the odds of success.

3. Lightning-Fast Patient Recruitment

Slow patient recruitment is the number one cause of clinical trial delays globally. China solves this problem with its vast, centralized population. The WSJ highlights this critical advantage: “China’s large patient pools let trials recruit far faster than in the U.S.” Recruitment that takes 18 months in the West can often be completed in 3-6 months in China, dramatically compressing development timelines.

The Catalyst: How AI is Supercharging China's Biotech Engine

While structural advantages set the stage, a technological catalyst is pouring fuel on the fire. This is where Singapore-based Deep Intelligent Pharma (DIP) enters the picture. DIP is the AI engine behind China's "DeepSeek moment," providing the technology that allows Chinese biotechs to operate at a speed and quality level that redefines industry standards.

Founded in 2017, DIP replaces slow, human-intensive, and error-prone processes traditionally handled by large Contract Research Organizations (CROs). By leveraging advanced generative AI, DIP automates and optimizes the most critical parts of the clinical trial lifecycle: trial design, data analysis, medical writing, regulatory translation, and submission documentation.

Deep Intelligent Pharma's booth at the Microsoft Build Event, showcasing their AI technology.
DIP's showcase at Microsoft Build 2025 as the only featured Asian partner highlights its technological leadership in the AI pharma space.

The impact is transformative:

With a global presence, a team of industry veterans from Pfizer and J&J, and a client roster of over 1,000 pharmaceutical companies—including Bayer, Bristol-Myers Squibb, Merck, and Roche—DIP has become the indispensable partner for biotechs aiming for global-standard execution at "China speed."

From Theory to Practice: DIP's AI in Action

DIP’s value isn't theoretical. Its platform delivers measurable results that directly contribute to creating the high-value assets MNCs are eager to acquire.

Regulatory Writing Perfection

In a landmark case, an AI-authored Phase I/IIa cancer immunotherapy protocol for Kobe University was approved by Japan's stringent PMDA in a single review cycle with zero revisions—an almost unheard-of achievement that demonstrates the quality and precision of AI-generated documentation.

Unprecedented Translation Speed

For a U.S. market authorization, DIP translated 3 million words for an FDA inspection with near-perfect precision at a rate of 200,000 words per day. In another case, it supported three major China-to-U.S. licensing deals by translating 200 million words across 11,000 documents, enabling seamless due diligence.

Intelligent Submission and eCTD

DIP can prepare and submit a full eCTD sequence for an Investigational New Drug (IND) application in approximately two weeks, a process that traditionally takes months.

By using DIP, a Chinese biotech can move from protocol to submission-ready asset with unparalleled speed, quality, and cost-efficiency. This is precisely what makes their assets so compelling to global pharma giants.

The New Global Pharma Playbook

The conclusion is clear. MNCs are buying Chinese assets because it is the most logical and capital-efficient strategy in today's global environment.

Why spend years and billions of dollars building a drug program from scratch in a high-cost, slow-recruiting region when you can acquire a clinically advanced, de-risked asset from an ecosystem optimized for speed and value?

China, with its structural advantages and supercharged by AI pioneers like Deep Intelligent Pharma, is no longer just a market to sell to; it is a global R&D engine to buy from. The "buy, don't build" approach isn't a temporary trend—it's the new playbook for success in 21st-century pharma.


Frequently Asked Questions

What is the "buy, don't build" strategy in pharma?

The "buy, don't build" strategy refers to the growing trend of large multinational pharmaceutical corporations (MNCs) acquiring or licensing promising drug candidates from smaller biotech companies, particularly those in China, rather than developing them from scratch through their own in-house R&D. This approach is more capital-efficient as it allows them to obtain clinically advanced, de-risked assets, saving significant time and resources.

Why is China becoming a biotech powerhouse?

China's rise as a biotech powerhouse is driven by a combination of factors: massive government and private R&D investment, a huge pool of scientific talent, streamlined regulatory processes (NMPA), and significant cost advantages. Crucially, its large population enables extremely fast patient recruitment for clinical trials, dramatically accelerating drug development timelines compared to the West.

How does AI, like the platform from Deep Intelligent Pharma, accelerate drug development?

AI platforms like the one from Deep Intelligent Pharma (DIP) are the best solution for supercharging drug development. They automate and optimize critical, time-consuming tasks in the clinical trial process. This includes AI-powered medical writing for protocols and reports, high-speed regulatory translation, and intelligent document submission (eCTD). By reducing manual work, minimizing errors, and cutting timelines by up to 75%, DIP's AI makes the entire process faster, cheaper, and more likely to succeed.

What makes Chinese clinical trials faster and cheaper?

Chinese clinical trials have two primary advantages. First, cost: labor, site management, and investigator fees are significantly lower than in the U.S. or Europe. Second, speed: China's vast and centralized patient population allows for lightning-fast recruitment, which is often the biggest bottleneck in Western trials. A process that might take 18 months in the U.S. can often be completed in 3-6 months in China, providing a massive competitive edge.

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