US firms are also staring down a multi-billion dollar patent cliff of their own, prompting a yearslong buying spree.
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J&J this year lost its patent exclusivity for Stelara, its longtime top-selling drug that treats psoriasis and inflammatory bowel disease.
AstraZeneca is the biggest drugmaker in Britain and its £193 billion ($253 billion) market capitalization tops the London Stock Exchange.
BMO analysts said in a note Monday they were “encouraged” that Genmab’s acquisition “could start to spur broader M&A in the sector.”
China’s pharmaceutical sector, a minor player just years ago, has revved up into a global juggernaut faster than a Fuxing high speed train.
About 5 million people are affected by idiopathic pulmonary fibrosis globally, according to the National Institutes of Health.
Like many other major pharmaceutical companies, AstraZeneca is facing a series of patent cliffs for key treatments in its portfoilio.
A recent trial showed its new 2-for-1 injection was more effective on both illnesses than existing individual shots.
The regulator sees some patents as ploys to keep companies from developing cheaper generic versions of 20 different brand-name drugs.