SHANGHAI – China's biotechs are benefiting from an unprecedented blood transfusion. Experienced executives from global pharma companies, and increasingly even big banks, are taking the leap to startups, leaving stable jobs behind. The incentive? Pay packages with stock options that can be worth tens of millions of dollars.
SHANGHAI – Zai Labs Ltd. has kicked off a phase III China study of ZL-2306 (niraparib), a poly ADP-ribose polymerase (PARP) inhibitor that prolongs the life of women with ovarian cancer.
SHANGHAI – Zai Labs Ltd. has kicked off a phase III China study of ZL-2306 (niraparib), a poly ADP-ribose polymerase (PARP) inhibitor that prolongs the life of women with ovarian cancer.
SHANGHAI – Bristol-Myers Squibb Co.'s Opdivo (nivolumab) has become the first PD-1 inhibitor to be approved for patients in China, in a classic example that China' drug lag is real. Chinese lung patients will have access to the cutting edge immuno-oncology (I-O) therapy four years after it was first approved in the U.S. and after it has been approved in 60 countries.
SHANGHAI – Alpha Biopharma Inc., of Shanghai, closed the first tranche of its $65 million series A fund, having received $37 million from Qiming Venture Partners, TF Fund and Lyzz Healthcare Venture Fund. According to Alphabio's chief operating officer, James Liu, the remaining $28 million is expected to close in the next few months.
SHANGHAI – Bristol-Myers Squibb Co.'s Opdivo (nivolumab) has become the first PD-1 inhibitor to be approved for patients in China, in a classic example that China' drug lag is real. Chinese lung patients will have access to the cutting edge immuno-oncology (I-O) therapy four years after it was first approved in the U.S. and after it has been approved in 60 countries.
SHANGHAI – Alpha Biopharma Inc., of Shanghai, closed the first tranche of its $65 million series A fund, having received $37 million from Qiming Venture Partners, TF Fund and Lyzz Healthcare Venture Fund. According to Alphabio's chief operating officer, James Liu, the remaining $28 million is expected to close in the next few months.
SHANGHAI – Chengdu-based Hitgen Ltd. raised ¥250 million (US$39 million) in series B financing and inked a multi-year collaboration with Forma Therapeutics Inc, of Watertown, Mass. With a major DNA-encoded library (DEL) of small molecules, Hitgen has not found its relatively out-of-the-way location in southwestern China has held it back.
SHANGHAI – Chengdu-based Hitgen Ltd. raised ¥250 million (US$39 million) in series B financing and inked a multi-year collaboration with Forma Therapeutics Inc, of Watertown, Mass. With a major DNA-encoded library (DEL) of small molecules, Hitgen has not found its relatively out-of-the-way location in southwestern China has held it back.
BEIJING – Freshly installed Commissioner Jiao Hong of the China National Drug Administration, formerly the CFDA, voiced the agency's plans to streamline review and approval of new drugs, encourage innovation, improve capacity to take a science-based approach, deepen industry's quality control efforts and step up monitoring of adverse events.
