HONG KONG – The identification of a promising novel candidate therapeutic target in non-small-cell lung cancer (NSCLC) tissue by Chinese researchers could lead to the development of urgently needed new lung cancer immunotherapies.
SHANGHAI – China-based Ascentage Pharma Group said APG-1387 is set to enter phase I trials as a new chemical entity under the Chinese 1.1 drug classification, a special category for innovative therapies not approved in other countries. An oncology-focused biotech, Ascentage said it is the first in China to push forward an apoptosis candidate using a made-in-China molecule.
HONG KONG – A Chinese biopharmaceutical company with a newly built facility in Suzhou Industrial Park has completed a series C financing of almost $100 million. The funds will help the company develop and manufacture complex and high-end biologics, including biosimilars.
NEW DELHI – In twin developments, an Indian patent office rejected U.S.-based Gilead Sciences Inc.'s patent application for its blockbuster hepatitis C virus (HCV) drug Sovaldi (sofosbuvir), leaving the door open for low-cost generic versions of a drug that is currently out of reach of most Indian patients. However, the court also granted regulatory approval for the drug, making India the first Asian country to do so.
SHANGHAI – Hua Medicine Ltd. has received a nice endorsement from China's life science investors a month before the country's Spring Festival, closing $25 million in series B financing from some of the leading bio-focused venture capital firms, Frontline Bioventures and TF Capital. The latest financing was led by Ally Bridge Group, with all series A investors – Arch, Venrock, Fidelity, Wuxi Ventures and SAIL – chipping in for a second time.
HONG KONG — The characteristic symptoms of Alzheimer's disease (AD) can be reduced in mice when sugars are prevented from binding to one of the key enzymes implicated in the disease, clearing the way to a new treatment approach, according to researchers from the Riken-Max Planck Joint Research Center in Japan.
SHANGHAI – Claiming a world-first, Chinese researchers have treated a spinal cord injury patient using a collagen scaffold loaded with mesenchymal stem cells in a trial to test the safety and efficacy of the procedure.
HONG KONG – Diversified traditional Chinese medicine (TCM) maker Guangzhou Baiyunshan Pharmaceutical Holdings (HK:0874, SH:600332) plans to raise as much as $1.6 billion through a private sale of new shares to be traded in Mainland China.
HONG KONG – A Korean clinical-stage biotech company that focuses on monoclonal antibodies (MAbs) has inked a second deal in two months with its Chinese partner.
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