Getting Chinese pharma assets
actually sold overseas

Brisalus (Shanghai Brisalus Biomedical) is the full-stack commercialisation partner for Chinese pharma going global — product licensing, regulatory pathway, technology transfer, first supply and commercial launch, handled as one chain. Fees are staged across verifiable milestones, not parked on approval day.

Why we moved from “registration broker” to “full-stack commercialisation partner”

Helping a client finish overseas registration creates value at exactly one moment: approval. If it never comes, so does nothing.

The problem with the old way

Service stopped at registration and fees sat at the very end. A licensing project typically takes 12–24 months from kick-off to landing: we keep investing with no cash coming back, while the client — paying nothing upfront — has no urgency to move. Projects sit in “in progress”, revenue piles into a single quarter, and one delay wipes out the year.

How we work now

We extended the scope from registration to licensing, technology transfer, first-supply and commercial maintenance — and moved the fees to five verifiable milestones: signing, submission, approval, first shipment, ongoing sales. The client sees a deliverable at every stage; we see cash at every stage. Momentum and the revenue curve both flatten out.

One bridge, both ends connected

We match Chinese pharma with overseas markets — but we do not stop at matchmaking. What happens after the deal is signed is our job too.

China side · License-out

Has the product, needs the market

A portfolio ready for export, but no overseas channel, no registration path in the target country, no one to negotiate the licence, and no partner to actually launch it.

Brisalus
Full-stack platform
Overseas side · Localise

Has the market, needs the product

Local sales network and registration capability in place, but no stable product source and no technology-transfer partner — and a pressing need to manufacture locally.

Screening first, matchmaking second

A licensed asset is only worth its market — whether it can be registered where you intend to sell it, and whether anyone there will pay for it. Both questions are far cheaper to answer before the term sheet than after.

How it usually works

Conventional licensing runs on relationships: a dealmaker proposes counterparties from personal knowledge, and the regulatory and reimbursement questions surface later — usually during diligence, sometimes after signature.

How we work

We invert that order. Candidates come from continuously maintained matrices rather than from memory, and the registration pathway and reimbursement feasibility are screened as part of the shortlist rather than as a diligence afterthought. The result is a shorter list with a better reason behind each name — and far fewer deals that fail on something that was knowable from the start.

From screening to launch: six stages

Run in this order for a reason. Each stage either kills a bad idea cheaply or increases confidence in a good one before more money is committed.

01Project screening

The asset, indication, development stage and territory ambition are established, along with what a successful deal would have to look like commercially. A vague brief produces a long shortlist that helps nobody.

02Counterparty matching

Candidates are drawn from the customer matrix and constrained by what the product matrix says about crowding and exclusivity in each target market. Each name arrives with a stated rationale, not just a logo.

03Registration pathway planning

Filing routes are assessed against the intended launch sequence, and a gap analysis establishes what the existing data package actually supports — turning a hoped-for timeline into a defensible one.

04HTA & reimbursement pre-assessment

Comparator expectations, endpoint acceptability and the pricing environment are screened market by market. A product can be approvable and still commercially dead — and that is worth knowing before the valuation is agreed.

05Transaction execution

Terms, milestones, territory carve-outs and responsibility splits are negotiated, and the agreements are drafted or reviewed so that obligations on both sides are unambiguous.

06Post-deal implementation

Filing, technology transfer, supply setup and launch support continue under the same programme plan, so the asset actually reaches the market rather than stalling after signature.

What we license: two lines

We handle both in-licensing and out-licensing of IP — but never on both sides of the same transaction.

New Drug Candidates · NDC

Clinical-stage asset licensing

Assets from preclinical through Phase III, matched on therapeutic fit, territory rights and development stage — and screened for whether the registration and reimbursement case holds in the markets you actually want.

AntibodySmall MoleculeADCCGTNucleic AcidFusion Protein
Finished Dosage Form · FDF

Market access & commercial licensing

Registered and registrable finished products matched to partners with the commercial infrastructure to launch them, with market entry strategy, regulatory compliance and post-deal support handled as part of the programme.

Rx / OTCEU-GMPcGMPOncologyImmunologyMetabolic
Conflicts of interest, stated up front
We support in-licensing and out-licensing, but never on both sides of the same transaction. Which side we act for is agreed and documented before any counterparty is approached. You can also search the NDC and FDF pipeline databases on the group platform.

Fee structure: three-tier hybrid

Upfront fees are credited in full against the success fee — the client’s total cost does not rise because of the structure, but the project finally has a reason to move.

L1
Monthly retainer

Retainer

Charged monthly by service tier, covering early due diligence, go-global pathway design, and screening and outreach to counterparties. Credited 100% against the later success fee — the client’s effective total cost is unchanged.

L2
Milestone fee

Milestone Fee

Billed independently at each verifiable node — signing, submission, approval, first shipment. Revenue recognition moves forward from “the end of sales” to milestones the client can see.

L3
Success fee

Success Fee

Set against deal size and licensed scope, with a floor, settled net of fees already paid. Our interest and the client’s are tied to the same outcome: getting the deal done.

Why charge anything upfront
Not to earn more — to make the project move. Clients who pay a retainer advance measurably faster. That is not our private theory; it is the common experience across the financial-advisory industry: counterparties who prepay for professional work tend to be more serious and convert at a higher rate. And because we credit every upfront dollar against the success fee, the client does not pay a cent more for the change.

One licence deal, seven services

Overseas partners used to pay one bundled “product licence fee” and we took a single cut, then left the money flow. Now every service carries its own agreed consideration.

1Product licence

Structuring exclusive or non-exclusive rights, territory split and licence design.

2Market access

Registration-pathway coordination in the target country, gap lists and submission cadence.

3Technology transfer

Process and analytical method transfer package, on-site support and Q&A — the T-Bond link.

4First supply

Coordination and customs clearance from trial batch to first commercial batch.

5Commercial launch

Pricing strategy, channel onboarding and early-launch support to get product moving.

6Programme management

Cross-timezone, cross-entity coordination with milestone-based delivery and reporting.

7Annual maintenance

Market upkeep, exclusivity renewal and ongoing sales royalty — the long-term relationship.

The most immediate effect of splitting the deal is that cash flow goes from a cliff to a staircase: instead of waiting two to four years for approval before any money arrives, recovery starts at signing and covers the bulk of the investment within six to twelve months.

Five verifiable milestones

Each node has a deliverable and a matching billing action — the client knows what they pay for and how far we have got.

Node 01
Signing
Contract effective, first payment
Node 02
Submission
Dossier filed in country
Node 03
Approval
Marketing authorisation
Node 04
First shipment
Commercial batch delivered
Node 05
Ongoing sales
Share of net sales

Therapeutic areas we commit to

We do not take every product. Limited capacity goes to arenas with a real window.

GLP-1 & peptides

The export window opened by core patent expiry is concentrated and short — the earlier registration starts, the more pricing power and share is left.

Biosimilars

Registration pathways, deal structures and valuation models for monoclonal-antibody biosimilars — where our know-how runs deepest.

Hormones & established generics

Mature regulatory pathways and steady demand — well suited to regional bundled licensing and fast scale-up.

Target markets

No single-market bet — geopolitical and payment risk is spread by country, each with its own landing path.

ASEAN Middle East Russia & CIS Latin America Africa

Why us

Three barriers that reinforce each other.

Closed loop

API export, overseas CDMO, licensing and local sales — once the chain is connected, the client receives a one-stop go-global solution rather than a point service. Single-line financial advisers cannot replicate it.

Data & matching

An overseas registration database and counterparty profiling support deal discovery and supply-demand matching, so sourcing is no longer purely relationship-driven.

Depth of expertise

Focused on GLP-1 and biosimilars, with registration pathways, deal structures and valuation models codified into methodology — which is what lets us price on value.

Our boundaries
We do not claim every product can go global. Before signature we run technical and commercial due diligence: where it works we state scope, milestones and fees; where it does not, we say why and point to an alternative. Rates follow the project review — there is no flat price list.

A product to take global — or looking to license one in?

Start with a feasibility review: market, registration pathway, likely deal structure, and the rough rhythm of investment and return. Scope, deliverables and fees are agreed before work begins.