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BioWorld - Tuesday, June 24, 2025
Home » Topics » Asia-Pacific » China

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Hand holding IPO, financial icons

Transthera raises $25M with Hong Kong IPO; stock up 78% on debut

June 23, 2025
By Marian (YoonJee) Chu
No Comments
Transthera Sciences Inc. debuted on the Hong Kong stock exchange June 23 with a HK$200.95 million (US$25.6 million) IPO, becoming the latest in a string of mainland Chinese biopharmaceutical firms to turn to the Hong Kong market for capital.
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Bispecific antibodies with heavy chain in green and pink, light chain in blue and yellow

Otsuka licenses Harbour’s bispecific T-cell engager for $670M

June 23, 2025
By Tamra Sami
No Comments
Harbour Biomed is out-licensing its B-cell maturation antigen and CD3 bispecific T-cell engager HBM-7020 for autoimmune diseases to Otsuka Pharmaceutical Co. Ltd. in a deal worth up to $670 million.
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Keymed launching Stapokibart, advancing pipeline, with $125M raise

June 20, 2025
By Tamra Sami
No Comments
Keymed Biosciences Co. Ltd. has raised HK$982 million (US$125 million) in a placement on the Hong Kong Stock Exchange (HKEX:2162) to commercialize its IL-4Rα monoclonal antibody CM-310 branded as Stapokibart, and to advance its larger pipeline.
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Drug Farm harvests new immunomodulators with AI-gene editing tech

June 20, 2025
By Marian (YoonJee) Chu
No Comments
Shanghai Yao Yuan Biotechnology Ltd., also known as Drug Farm, is advancing a portfolio of immune-modulating therapies for various indications including hepatitis B virus, hepatocellular cancer and a relatively new rare genetic disease called ROSAH, an acronym for retinal dystrophy, optic nerve edema, splenomegaly, anhidrosis, and headache.
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FDA scrutinizing trials sending US patient cells to China

June 20, 2025
By Mari Serebrov
No Comments
Using informed consent to do what Congress couldn’t, the U.S. FDA is flexing its regulatory authority to halt clinical trials that involve sending cells from American patients to China or other adversarial nations for genetic engineering and subsequent infusion back into the patient.
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Deal illustration

Astrazeneca makes $5.3B drug R&D pact with CSPC

June 17, 2025
By Marian (YoonJee) Chu
No Comments
CSPC Pharmaceutical Group Ltd. announced June 13 that it struck a potential $5.33 billion deal with Astrazeneca plc to develop novel preclinical small-molecule candidates using CSPC’s AI-driven drug development platform.
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Nextcure stock drops near 30% on $745M ADC deal with Simcere

June 17, 2025
By Marian (YoonJee) Chu
No Comments
Shares of Nextcure Inc. (NASDAQ:NXTC) dropped 26.27% on news of a potential $745 million partnership with Simcere Zaiming for Simcere’s cadherin-6 antibody-drug conjugate (ADC) candidate. Shares ended at 50 cents apiece June 16.
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Deal illustration

Astrazeneca makes $5.3B drug R&D pact with CSPC

June 16, 2025
By Marian (YoonJee) Chu
No Comments
CSPC Pharmaceutical Group Ltd. announced June 13 that it struck a potential $5.33 billion deal with Astrazeneca plc to develop novel preclinical small-molecule candidates using CSPC’s AI-driven drug development platform.
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Shipping container with flag of China

European Commission clamps down on Chinese med tech

June 10, 2025
By Mark McCarty
The trade wars spanning the globe lined up some unlikely-seeming adversaries, and such is the case in the trade scrum between the EU and China.
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Ascletis’ denifanstat meets phase III endpoints in acne

June 10, 2025
By Tamra Sami
No Comments
Ascletis Pharma Inc.’s once-daily oral fatty acid synthase inhibitor, denifanstat, demonstrated statistically significant and clinically meaningful improvements compared to placebo, meeting all primary and secondary endpoints in a phase III trial for moderate to severe acne vulgaris.
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