China-based biotechnology startups are hiring veteran executives from big American drug companies to join the race for the first nongeneric Chinese drug approval in the U.S.
China-based biotechnology startups looking to go global are poaching talent from the biggest American pharmaceutical companies, promising managers and medical chiefs lucrative pay packages and a more entrepreneurial work environment—all without asking them to uproot their lives in the U.S.
At least a half-dozen Chinese biotech startups have established offices from Greater Boston to Silicon Valley in recent years, looking to commercialize their treatments in the world’s largest drug market by sales.
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