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BioWorld - Thursday, May 19, 2022
Home » Topics » Asia-Pacific » China

China
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Antibody firm Remegen raises $410M in Shanghai IPO, but stock tumbles

April 5, 2022
By Doris Yu
No Comments
Less than a year after winning approval in China for the first domestically developed antibody-drug conjugate (ADC), Remegen Co. Ltd. raised ¥2.6 billion (US$410 million) and picked up a listing on the Shanghai STAR market to support further work on its monoclonal antibodies and ADCs.
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Recbio raises HK$765M in Hong Kong IPO, shares rise 1.8% on first trading day

April 5, 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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AI detection of colorectal cancer in endoscopy, histopathology

Wision AI expands US screening offerings to combat colorectal cancer

April 1, 2022
By Tamra Sami
No Comments
With FDA clearance of its Endoscreener that uses artificial intelligence (AI) to detect polyps during coloscopy procedures, Wision AI Ltd. is expanding its product portfolio to include colorectal histopathology tools.
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Yen-Yuan currency symbol

Antibody firm Remegen raises $410M in Shanghai IPO, but stock tumbles

March 31, 2022
By Doris Yu
No Comments
Less than a year after winning approval in China for the first domestically developed antibody-drug conjugate (ADC), Remegen Co. Ltd. raised ¥2.6 billion (US$410 million) and picked up a listing on the Shanghai STAR market to support further work on its monoclonal antibodies and ADCs.
Read More

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.
Read More

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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