SHANGHAI – Chinese biotech Ascletis Inc. received $35 million in venture capital investment and kicked off a Taiwan phase II trial for an interferon (IFN)-free hepatitis C regimen, all in a matter of a week.
SHANGHAI – Ascentage Pharma Group and its pipeline of small-molecule, apoptosis-targeted cancer agents has bagged $15.5 million in a series A round from a group of Chinese venture investors. The drug discovery and development company is part of a growing breed of Chinese biotechs going after new drugs with global patents for clinically validated targets.
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 – Ascentage Pharma Group and its pipeline of small-molecule, apoptosis-targeted cancer agents has bagged $15.5 million in a series A round from a group of Chinese venture investors.
SHANGHAI – Beijing-based Canbridge Life Sciences Inc. is a biotech that seeks to bring Western innovation to Chinese patients who have few if any treatment options. That licensing strategy has led it to sign a deal with Apogenix GmbH, of Heidelberg, Germany, for lead candidate APG101, an onco-immunotherapy targeting the CD95 ligand for a highly lethal and difficult to treat type of brain cancer, glioblastoma multiforme.
SHANGHAI – Jiangsu Hengrui Medicine Co. Ltd., a billion-dollar integrated pharma with R&D centers in New Jersey, Shanghai and Chengdu, has been pushing in the direction of innovation faster and farther than most other Chinese pharmas. And with the recent announcement they will invest ¥850 million (US$137 million) in a biologics manufacturing plant, it's clear the execs aren't afraid to invest heavily in the high-risk area of large molecules and immunotherapy.
SHANGHAI – Phagelux Inc., a Shanghai-based company developing bacteriophages for both human and animal use, has acquired Omnilytics Inc. as part of a mission to leverage phage technology in the battle against antibiotic overuse.
SHANGHAI – Phagelux Inc., a Shanghai-based company developing bacteriophages for both human and animal use, has acquired Omnilytics Inc. as part of a mission to leverage phage technology in the battle against antibiotic overuse.
