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Pfizer’s $10 billion China biotech deal exposes U.S. policy gap on investment screening
Pfizer announced a $10 billion global licensing deal with China's Innovent Biologics on 28 May 2026, covering 12 oncology assets. The deal arrives as U.S. lawmakers debate expanding outbound-investment screening to biotech—a contradiction exposing the gap between national security rhetoric and commercial incentives. No current U.S. rule imposes a blanket…
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