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BioWorld - Tuesday, December 10, 2019
Home » Topics » Asia-Pacific » China

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China’s Clover completes $43M series B

December 10, 2019
By Elise Mak
No Comments
BEIJING – Chengdu-based Sichuan Clover Biopharmaceuticals Inc. closed a series B financing round to inject another $43 million into its drug development and manufacturing operations, with a focus on biologic candidate SCB-313, developed with its Trimer-Tag technology platform.
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Emphasizing synergy and efficiency, EOC Pharma raises $71M series C to fight breast, gastric cancers

December 10, 2019
By Elise Mak
No Comments
BEIJING – EOC Pharmaceutical Group, of Shanghai, completed a series C financing round, bagging $71 million to advance its lead programs EOC-103 and EOC-315 for breast and gastric cancers. The round was led by Hangzhou Tigermed Consulting Co. Ltd. and its affiliated funds, TF Capital and Yingke PE. Hanne Capital and Everest Venture Capital also participated in the round. In 2017, EOC raised $32 million in a series B round. All funding participants are China-based.
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Emphasizing synergy and efficiency, EOC Pharma raises $71M series C to fight breast, gastric cancers

December 6, 2019
By Elise Mak
No Comments
BEIJING – EOC Pharmaceutical Group, of Shanghai, completed a series C financing round, bagging $71 million to advance its lead programs EOC-103 and EOC-315 for breast and gastric cancers. The round was led by Hangzhou Tigermed Consulting Co. Ltd. and its affiliated funds, TF Capital and Yingke PE. Hanne Capital and Everest Venture Capital also participated in the round. In 2017, EOC raised $32 million in a series B round. All funding participants are China-based.
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China’s Clover completes $43M series B

December 4, 2019
By Elise Mak
No Comments
BEIJING – Chengdu-based Sichuan Clover Biopharmaceuticals Inc. closed a series B financing round to inject another $43 million into its drug development and manufacturing operations, with a focus on biologic candidate SCB-313, developed with its Trimer-Tag technology platform.
Read More

China updates reimbursement drug list, further encourages innovation at home

December 3, 2019
By Elise Mak
No Comments
BEIJING – China has updated its national reimbursement drug list (NRDL) to include innovative drugs that it has recently approved, including homegrown cancer drugs and foreign imports. Industry experts said they believe it is a move to drive biotech innovation at home.
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China updates reimbursement drug list, further encourages innovation at home

December 2, 2019
By Elise Mak
No Comments
BEIJING – China has updated its national reimbursement drug list (NRDL) to include innovative drugs that it has recently approved, including homegrown cancer drugs and foreign imports. Industry experts said they believe it is a move to drive biotech innovation at home.
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Prominent Chinese immunologist embroiled in data fabrication scandal

November 20, 2019
By Elise Mak
No Comments
BEIJING – Questionable data found in research papers supervised by renowned Chinese immunologist Cao Xuetao have caused a stir in the life sciences community, shaking the reputation of an internationally prominent figure in the field of immunology.
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Prominent Chinese immunologist embroiled in data fabrication scandal

November 20, 2019
By Elise Mak
No Comments
BEIJING – Questionable data found in research papers supervised by renowned Chinese immunologist Cao Xuetao have caused a stir in the life sciences community, shaking the reputation of an internationally prominent figure in the field of immunology.
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Chinatrials 12 Summit

Is China ready for first-in-class? Not quite, but we must go ahead with innovation, experts say

November 19, 2019
By Elise Mak
No Comments
SHANGHAI – As Chinese biotech companies talk more about innovation, one question is whether they are ready to move into first-in-class drugs from me-too and fast follow-up drugs. To biotech executives, the China first approval for Fibrogen Inc.'s roxadustat, a first-in-class small molecule for amenorrhea, is a wake-up call.
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Chinatrials 12 Summit

Too many PD-1s? Facing a competitive landscape, Chinese firms seek ways to stand out

November 19, 2019
By Elise Mak
No Comments
SHANGHAI – With abundant venture capital and favorable policies, Chinese biotech companies are actively turning themselves from generic makers into innovation-driven players, but the market is getting crowded by too many companies focusing on the same area and even the same targets, a reality that is leading to a lack of differentiation in biotech innovation.
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