China’s pharma companies are facing a ‘monkey problem’ that they say is as tough as ‘negotiating for an Nvidia chip’
Lab monkeys now cost $26,294 each in China, and biotech firms say sourcing them is as hard as securing Nvidia chips. In June, a Chinese state laboratory paid 178,000 yuan—about $26,294—for each of 40 cynomolgus macaques. Twelve months earlier, the same animal would have cost roughly half that. Similar spikes have rippled through the industry,…