Business | In rude health

It’s not just AI. China’s medicines are surprising the world, too

Its firms are at the forefront of cheaper, faster drug discovery

This illustration features the Chinese flag in the background, with an upward-trending arrow symbolizing growth. Below the arrow, there are many colorful pills and capsules, suggesting the rise of China's pharmaceutical or healthcare industry. The image co
Illustration: Rose Wong

Keytruda, a cancer medicine, ranks among the most lucrative drugs ever sold. Since its launch in 2014 it has raked in more than $130bn in sales for Merck, its American maker, including $29.5bn last year. In September last year an experimental drug did what none had done before. In late-stage trials for non-small cell lung cancer, it nearly doubled the time patients lived without the disease getting worse—to 11.1 months, compared with 5.8 months for Keytruda.

Explore more

This article appeared in the Business section of the print edition under the headline “In rude health”

From the February 22nd 2025 edition

Discover stories from this section and more in the list of contents

Explore the edition
Elon Musk holds an umbrella as he and his son step off of Air Force One.

Musk Inc is under serious threat

The world’s richest man has lost focus. His competitors are taking advantage

An illustration of a large mechanical tortoise-like character, with a shell made of a Western globe, lumbering along in a huge iron digging cutter, whilst the lithe Chinese tiger leaps over the top with gutting wheels for claws.

Should BHP, Rio Tinto and Vale learn from Chinese rivals?

The mining industry is drifting apart into two distinct models


An illustration of a document file with a few people dressed in business attire and an ant eater either peering out from the top and sides or stuck in the file headfirst.

The horrors of shared docs

Transparent, user-friendly, maddening


The luxury industry is poised for a deal wave

A proposed tie-up between Prada and Versace is just the start

East Asia’s armsmakers are on the rise

Demand at home and abroad is fuelling their growth