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BioWorld - Monday, May 16, 2022
Home » Topics » Asia-Pacific » China

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Recbio raises HK$765M in Hong Kong IPO, shares rise 1.8% on first trading day

March 31, 2022
By Doris Yu
No Comments
Jiangsu Recbio Technology Co. Ltd. raised HK$765 million ($97.7 million) in a Hong Kong stock exchange IPO on March 31. Shares of the vaccine maker (HKEX: 2179) opened at HK$25 per share and rose 1.8% to close at HK25.25 apiece. The Jiangsu, China-based company plans to use about half the proceeds, or HK$317.9 million, to support development and commercialization of its HPV vaccines, including its lead asset, a phase III recombinant HPV 9-valent vaccine REC-603, a spokesperson told BioWorld. The company also plans to set up an HPV manufacturing facility in Taizhou, China.
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Innovent wins sole rights to commercialize two Lilly oncology drugs in $45M deal

March 29, 2022
By Doris Yu
No Comments
Innovent Biologics Inc. has acquired exclusive rights to commercialize Eli Lilly and Co.’s oncology drugs Cyramza (ramucirumab) and Retsevmo (selpercatinib) in mainland China, where it will be responsible for the pricing, importation, marketing, distribution and sales of the two products.
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3d illustration of ovarian cancer

Zai Lab hits primary endpoint in phase III Zejula study for ovarian cancer

March 29, 2022
By Gina Lee
No Comments
Zai Lab Ltd. has shared positive top-line data from its phase III study for PARP inhibitor Zejula (niraparib) in the treatment of newly diagnosed ovarian cancer following a response to platinum-based chemotherapy. The study, called Prime, involved 384 advanced ovarian cancer patients in China and met its primary endpoint.
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China’s Nuance Pharma in-licenses Asian rights to Bavarian Nordic’s RSV vaccine in $225M deal

March 29, 2022
By Tamra Sami
No Comments
Nuance Pharma Co. Ltd. signed a licensing deal with Denmark’s Bavarian Nordic A/S for rights to its MVA-BN RSV vaccine for respiratory syncytial virus (RSV) in the Chinese mainland, Hong Kong, Macau, Taiwan, South Korea and certain Southeast Asian countries.
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Shanghai, China, stock market illustration

Shouyao Holdings raises $233M in Shanghai IPO

March 29, 2022
By Doris Yu
No Comments
Shouyao Holdings Co. Ltd. raised ¥1.48 billion ($233 million) in a listing on the Shanghai STAR Market to support the company’s ongoing clinical programs, led by a second-generation anaplastic lymphoma kinase inhibitor. Company shares (SHA:688197) debuted at ¥39.90, then fell 19.5% to close at ¥32.11 on March 23.
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Newco news

On heels of $70M series B round, China’s Medilink Therapeutics poised to enter clinic with ADC pipeline

March 29, 2022
By Tamra Sami
No Comments
After securing $70 million in series B funding, Chinese biotech Medilink Therapeutics Co. Ltd. is gearing up to enter the clinic with its next-generation antibody-drug conjugates (ADCs).
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Atom Bioscience planning phase III gout trial after encouraging mid-stage readout

March 29, 2022
By Doris Yu
No Comments
Jiangsu Atom Bioscience and Pharmaceutical Co. Ltd., a company developing an oral a urate anion exchanger 1 inhibitor for the potential treatment of chronic gout, said results of a phase IIa trial show that its lead candidate, ABP-671, reduced serum uric acid levels to less than 6 mg/dL, below the clinically defined threshold of 7 mg/dL for hyperuricemia, or excess of uric acid in the blood, which leads to gout.
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Walvax wins NMPA nods for HPV bivalent vaccine

March 29, 2022
By Doris Yu
No Comments
China’s NMPA has given a green light for Walvax Biotechnology Co. Ltd.’s human papillomavirus (HPV) bivalent vaccine to be used against HPV types 16 and 18 to prevent cervical cancer.
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Xzing Technology’s disposable endoscope gains NMPA approval

March 28, 2022
By Zhang Mengying
No Comments
Shenzhen Xzing Technology Co. Ltd.’s Endofresh disposable upper gastrointestinal (GI) endoscope has granted the NMPA’s class II approval. The company said the approved product is used for upper gastrointestinal GI endoscopy, diagnosis and treatment.
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Walvax wins NMPA nods for HPV bivalent vaccine

March 28, 2022
By Doris Yu
No Comments
China’s NMPA has given a green light for Walvax Biotechnology Co. Ltd.’s human papillomavirus (HPV) bivalent vaccine to be used against HPV types 16 and 18 to prevent cervical cancer.
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