SHANGHAI – Tianjin Cansino Inc., the company behind China's phase II Ebola vaccine, has received a $30 million investment from well-respected health care venture firms Qiming Venture Partners and Lilly Asia Ventures. It marks the second venture capital round for the 6-year-old company; in 2013, it accepted $10 million in a round led by Lilly Asia Ventures. (See BioWorld Today, Oct. 13, 2013.)
SHANGHAI – Acting on an offer first announced in April, Shanghai-based Wuxi Pharmatech Inc.'s board has accepted a $3.3 billion privatization bid, effectively taking China's largest CRO off the NYSE.
SHANGHAI – Acting on an offer first announced in April, Shanghai-based Wuxi Pharmatech Inc.'s board of directors has accepted a $3.3 billion privatization bid, effectively taking China's largest CRO off the NYSE.
SHANGHAI – Another year, another Shanghai October packed with conferences. But this time around, the angst of regulatory and reimbursement challenges has been replaced with a growing realization that the momentum of change is accelerating, even if there is considerable unease around how to make the most of it.
SHANGHAI – Another year, another Shanghai October packed with conferences. But this time around, the angst of regulatory and reimbursement challenges has been replaced with a growing realization that the momentum of change is accelerating, even if there is considerable unease around how to make the most of it.
SHANGHAI – When Zai Lab Ltd. first came on the scene 18 months ago, nabbing global rights to two Sanofi SA assets for chronic respiratory disease, it looked like Zai would join the ranks of emerging virtual biotechs that use in-licensing to close China's unmet medical needs gap, but this time with a focus on oncology and autoimmune diseases.
SHANGHAI – Beijing-based Canbridge Life Science Inc., a biotech focused on developing Western drugs that treat China-specific diseases, has received an additional $10 million in VC financing, doubling the round it completed last year and putting the total venture financing at $20 million.
SHANGHAI – Pick an issue or an industry, China's complex problems can seem intractable with much-touted reforms dismally ineffectual. But with the power of China's top-down decision-making, there are times when the government sets a new course and far-reaching change follows swiftly if not necessarily smoothly. Over the summer, the State Council's edicts to the CFDA to fix the regulatory system by speeding up drug review times and getting better quality innovative drugs on the market looks set to have a dramatic effect on China's pharmaceutical sector.
SHANGHAI – Beijing-based Canbridge Life Science Inc., a biotech focused on developing Western drugs that treat China-specific diseases, has received an additional $10 million in VC financing, doubling the round it completed last year and putting the total venture financing at $20 million.
SHANGHAI – When Zai Lab Ltd. first came on the scene 18 months ago, nabbing global rights to two Sanofi SA assets for chronic respiratory disease, it looked like Zai would join the ranks of emerging virtual biotechs that use in-licensing to close China's unmet medical needs gap, but this time with a focus on oncology and autoimmune diseases.
