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BioWorld - Wednesday, March 3, 2021
Home » Topics » Asia-Pacific » China

China
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Chinese flag and pills

China reimburses more innovative drugs, continues to drive drug innovation

Dec. 29, 2020
By Elise Mak
No Comments
China has added 119 new drugs to its national reimbursement drug list (NRDL) with an average price cut of 50.64%, a move that biopharmaceutical insiders said will further encourage drug innovation at home, despite lower drug prices. More innovative drugs, notably all homegrown PD-1 inhibitors, are included in the latest NRDL that will take effect from March 1, 2021 to the end of 2023.
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Sinovac-12-28

China approves NDA for CNBG COVID-19 vaccine

Dec. 28, 2020
By Gina Lee and Elise Mak
No Comments
HONG KONG and BEIJING – China’s Sinovac Biotech Ltd. delayed releasing trial data from its Coronavac COVID-19 vaccine while the National Medical Products Administration (NMPA) accepted an NDA from China National Biotec Group (CNBG) for its own vaccine, BBIBP-CorV.
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Takeda headquarters

Takeda’s sales spree continues in deal with China’s Hasten

Dec. 23, 2020
By Gina Lee
No Comments
HONG KONG – With the sale of a group of noncore assets to a little-known Chinese company, Takeda Pharmaceutical Co. Ltd. took another step in a multibillion-dollar string of divestitures that is part of a plan to cut debt and focus on five key business areas. Takeda announced on Dec. 21 the sale of a portfolio of noncore prescription drugs marketed in China to Hasten Biopharmaceutic Co. Ltd. (China).
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Lung cancer illustration

Junshi’s phase III for toripalimab in NSCLC hits primary endpoint at interim peek

Dec. 22, 2020
By David Ho
No Comments
HONG KONG – Shanghai Junshi Biosciences Co. Ltd.’s toripalimab has reached its prespecified primary endpoint of progression-free survival at the interim analysis of a phase III study in non-small-cell lung cancer (NSCLC), as efforts to expand approval of the anti-PD-1 antibody into other cancer types are underway.
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Jacobio launches $174M IPO in Hong Kong, advances SHP2 programs

Dec. 22, 2020
By Elise Mak
No Comments
Shares in Chinese drug developer Jacobio Pharmaceuticals Group Co. Ltd. (HK:1167) rose 3% on their first day of trading in Hong Kong. The company, which develops small-molecule drug candidates to modulate enzymes by binding to their allosteric sites, raised HK$1.35 billion (US$174.1 million) in its IPO, pricing 96 million shares at HK$14. Shares closed at HK$14.42 on Dec. 21 after rising as high as HK$16.50.
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Hong Kong stock market illustration

Jacobio launches $174M IPO in Hong Kong, advances SHP2 programs

Dec. 21, 2020
By Elise Mak
No Comments
Shares in Chinese drug developer Jacobio Pharmaceuticals Group Co. Ltd. (HK:1167) rose 3% on their first day of trading in Hong Kong. The company, which develops small-molecule drug candidates to modulate enzymes by binding to their allosteric sites, raised HK$1.35 billion (US$174.1 million) in its IPO, pricing 96 million shares at HK$14. Shares closed at HK$14.42 on Dec. 21 after rising as high as HK$16.50.
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Lung cancer illustration

Junshi’s phase III for toripalimab in NSCLC hits primary endpoint at interim peek

Dec. 16, 2020
By David Ho
No Comments
HONG KONG – Shanghai Junshi Biosciences Co. Ltd.’s toripalimab has reached its prespecified primary endpoint of progression-free survival at the interim analysis of a phase III study in non-small-cell lung cancer (NSCLC), as efforts to expand approval of the anti-PD-1 antibody into other cancer types are underway.
Read More

Kintor shares rise on early peek at HCC drug combo data

Dec. 15, 2020
By Michael Fitzhugh
No Comments
Kintor Pharmaceutical Ltd. said it's "actively initiating" multiregional phase II/III trials to test a combination of GT-90001 (ascrinvacumab) and Opdivo (nivolumab) for advanced hepatocellular carcinoma.
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Denovo closes $46M series D to advance PKC-beta inhibitor in phase III cancer studies

Dec. 15, 2020
By Elise Mak
No Comments
BEIJING – Denovo Biopharma LLC closed a series D financing round to raise nearly ¥300 million (US$46 million), just six months after its $83.5 million series C round.
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Coins and seedling

Scineuro launches with $100M series A to target CNS

Dec. 15, 2020
By Elise Mak
No Comments
Scineuro Pharmaceuticals, based in Shanghai and Philadelphia, launched with a $100 million series A financing to focus on tackling central nervous system diseases. CEO Min Li told BioWorld the startup is “building a CNS portfolio through a combination of internal R&D and strategic collaborations.” Lilly Asia Ventures Fund and Arch Venture Partners co-led the round.
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