Princeton, NJ — US-China Biopharma

Catalyzing US‑China
Biotech & Pharma
Partnerships

BioRich International connects leading pharmaceutical companies and biotech innovators across the US-China corridor — facilitating licensing deals, capital connections, and R&D collaboration.

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Chinese Clients
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Years of Experience
About BioRich

A Trusted Partner at the
Intersection of East and West

Founded by John Xu, MD, MBA, MS — with over 30 years of experience at Bristol Myers Squibb, Wyeth, WuXi AppTec, and CrownBio — BioRich International operates at the nexus of US and Chinese biopharma. We bridge the information, relationship, and cultural gaps that prevent high-potential deals from closing.

Our network encompasses 250+ Chinese biotech clients, direct relationships with BD&L leadership at 25+ multinational corporations, and active engagement with more than 10 US venture capital firms.

Meet our leadership
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The biggest obstacle to deal-making is not interest or capital — it is information asymmetry. BioLink Weekly exists to close that gap.

John Xu, MD, MBA, MS

Founder & President, BioRich International

BioLink Weekly

Intelligence for US-China Biopharma Dealmakers

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Issue 11June 23, 2026

Antengene Hands MPM-Backed K2 a CDH6xCD3 TCE in a ~$1B China-Out Deal; Lilly and Biogen Add Bolt-Ons as the FDA Clears the First Oral Carbapenem

The June 16-23 window restarted the China-out licensing engine after two M&A-led weeks. Antengene granted MPM BioImpact-established K2 Therapeutics exclusive ex-Greater China rights to ATG-106, a preclinical CDH6xCD3 bispecific T-cell engager, for about $20M upfront and near-term plus up to $960.5M in milestones (announced June 22), with an option on a second undisclosed TCE on similar terms. Two US bolt-on acquisitions rounded out dealmaking - Eli Lilly's purchase of non-opioid pain developer 4E Therapeutics (undisclosed, June 16) and Biogen's up-to-$1B acquisition of immunology biotech RayThera (June 17). On the science side, the FDA approved Spero/GSK's Utebzi (tebipenem pivoxil), the first oral carbapenem (June 17); MoonLake reported strong Week 52 VELA data for sonelokimab in hidradenitis suppurativa (June 21); and Definium's single-dose lysergide ODT (DT120) met its Phase 3 primary endpoint in major depression (June 22).

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Issue 10June 16, 2026

GSK's $10.6B Nuvalent Buy Headlines an M&A-Led Week; EHA 2026 Delivers Practice-Shifting Phase 3 Data in Myeloma, Lymphoma and Sickle Cell

The June 9-16 window was M&A-led and US/EU-centric. GSK agreed to acquire Nuvalent for about $10.6B (announced June 9), adding next-generation, highly selective ROS1 and ALK inhibitors for non-small-cell lung cancer, while PharmaEssentia announced a $36.5M bolt-on of its Canadian commercialization partner FORUS Therapeutics (June 11). No major China-out licensing deal was announced in-window. EHA 2026 (Stockholm, June 11-14) carried the clinical news, with Phase 3 readouts from Johnson & Johnson (MonumenTAL-3 in myeloma), Incyte (frontMIND in DLBCL) and Agios (RISE UP in sickle cell disease).

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Issue 9June 9, 2026

A ~$3B M&A Monday: Incyte Buys Into Bleeding Disorders, J&J Grabs a KRAS Degrader Platform; Gilead-Merck's Once-Weekly Oral HIV Pill Clears Phase 3

A quiet ASCO-to-EHA bridge week was anchored by two June 8 US bolt-on acquisitions worth up to roughly $3.0B combined - Incyte's up-to-$2.0B purchase of Vega Therapeutics (a Phase 3 anti-Protein S antibody for von Willebrand disease) and Johnson & Johnson's $1.0B cash buy of Firefly Bio and its pan-KRAS degrader antibody conjugate platform. The same day, Gilead and Merck reported their once-weekly oral islatravir/lenacapavir regimen met its primary endpoint in two Phase 3 HIV trials. No major China-out licensing deal was announced in-window; the prior fortnight's large China-to-West pacts continue moving toward Q3 2026 closes.

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