China’s biotech boom sends price of lab monkeys for drug tests climbing

AI Summary
The rising demand for drug testing in China has significantly increased the price of laboratory monkeys. Currently, a lab monkey costs around 140,000 yuan (US$20,260), doubling in price over the last five years. This surge is attributed to increased drug-licensing deals between Chinese biotech firms and global pharmaceutical companies, along with a revival in pharmaceutical fundraising, pushing more drugs into early-stage testing. Government procurement records and public tenders, such as one from the Shanghai Institute of Materia Medica, confirm the high prices. Analysts at Jefferies suggest that increased biotech funding, spurred by US rate cuts, is driving more projects into early stages, thus increasing the need for safety assessments using monkeys.
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