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BioWorld - Thursday, September 28, 2023
Home » Topics » Asia-Pacific, BioWorld Asia

Asia-Pacific, BioWorld Asia
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Brain with handshake and cityscape

Acurastem, Takeda strike $580M licensing deal for ALS, neurodegenerative drugs

Sep. 26, 2023
By Marian (YoonJee) Chu
No Comments
Acurastem Inc. said on Sept. 25 that it struck an out-licensing deal potentially worth $580 million with Takeda Pharmaceutical Co. Ltd. to develop drugs for amyotrophic lateral sclerosis (ALS) and other PIKfyve gene-targeting therapeutics. Under the terms, Tokyo-headquartered Takeda obtains exclusive worldwide rights to Acurastem’s PIKfyve-targeting therapeutics, including Acurastem’s lead AS-202 asset, an antisense oligonucleotide therapy to treat ALS.
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Chinabio 2023: Big pharma scouts for innovation post-pandemic

Sep. 26, 2023
By Marian (YoonJee) Chu
No Comments
Despite China’s near-frozen startup scene and increasingly cautious foreign investors following the COVID-19 pandemic, multinational pharmaceutical firms continued to scout for innovative up-and-coming Chinese biotechs in Shanghai at Chinabio Partnering Forum 2023 over its two-day run.
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Wuhan YZY raises $15 million in Hong Kong IPO to advance BsAbs

Sep. 26, 2023
By Tamra Sami
No Comments
Wuhan YZY Biopharma Co. Ltd. made its debut on the Hong Kong Stock Exchange, raising HK$121 million (US$15.48 million) in its IPO on Sept. 22, with shares (HKEX:02496) opening at the lower end of its range at HK$16 per share and ending the day at HK$16.60, a rise of 3.75%.
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Inventiva licenses NASH candidate for Japan, South Korea development

Sep. 26, 2023
By Lee Landenberger
No Comments
Inventiva SA is getting $10 million up front and the possibility of $231 in clinical, regulatory and commercial milestones by exclusively licensing its nonalcoholic steatohepatitis (NASH) candidate, lanifibranor, to Hepalys Pharma Inc. to sell in Japan and South Korea, two massive markets for the indication.
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Handshake behind digital globe

Everest licenses Asian rights to Kezar’s autoimmune drug zetomipzomib

Sep. 26, 2023
By Tamra Sami
No Comments
Everest Medicines Ltd. is in-licensing Kezar Life Sciences Inc.’s phase II autoimmune disease candidate, zetomipzomib in a deal worth $132 million for greater China, South Korea and southeast Asia rights. Kezar’s lead molecule zetomipzomib (KZR-616) is a first-in-class, selective immunoproteasome inhibitor with broad therapeutic potential across multiple autoimmune diseases.
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Japan’s MHLW approves slew of new drugs, including Eisai/Biogen’s Leqembi for Alzheimer’s

Sep. 26, 2023
By Tamra Sami
No Comments
Thanks to a raft of new approvals by Japan’s Ministry of Health, Labor and Welfare (MHLW), patients in Japan will soon have access to Biogen Inc./Eisai Co. Ltd.’s Leqembi (lecanemab), an amyloid-beta binder, for slowing progression of mild cognitive impairment and mild dementia due to Alzheimer's disease.
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Dendrimer illustration

Starpharma’s dendrimer platform delivers impressive results in bowel, ovarian cancer

Sep. 19, 2023
By Tamra Sami
No Comments
Starpharma Holdings Ltd.'s nanoscale drug delivery technology shows enhanced safety and durable responses in phase II trials compared to standard of care therapies in patients with advanced colorectal and ovarian cancer.
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Jin Yanggon, chairman, HLB

KIW 2023: ‘HLB ready to take 50% of liver cancer market with rivoceranib’

Sep. 12, 2023
By Marian (YoonJee) Chu
No Comments
HLB Co. Ltd. is ready to take half of the liver cancer treatment market with its potential first-line treatment, rivoceranib, currently undergoing U.S. FDA review, company chairman Jin Yang-gon said, backed by positive survival data that beat out competitors by three months.
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IPO stock market ticker

Following Hong Kong IPO, Immuneonco looks to be rising star

Sep. 12, 2023
By Tamra Sami
No Comments
After raising HKD$320 million (US$40.8 million) in its IPO on the Hong Kong Stock Exchange last week, Immuneonco Biopharmaceuticals Co. Ltd.’s stock has continued to rise, and analysts are expecting the Hong Kong market to pick up after a slack start to the year.
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Alex Zhavoronkov, CEO, Insilico Medicine

Insilico inches closer to claiming title of first generative AI drug developer

Sep. 5, 2023
By Marian (YoonJee) Chu
No Comments
As a pioneer of harnessing artificial intelligence (AI) to drug discovery, Insilico Medicine Inc. recently made breakaway progress to bring a generative AI-designed drug to life, announcing the progression of its INS018-055 candidate to phase II trials for idiopathic pulmonary fibrosis.
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