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.
SHANGHAI – Reform is not a word that the Chinese government shies away from. That has been particularly true for China's pharmaceutical industry. Since 2015, the government has been tackling widespread and impressive reforms, not the least of which was joining the International Council of Harmonization (ICH) last summer, accelerating the country's ability to align its system with international norms.
SHANGHAI – Reform is not a word that the Chinese government shies away from. That has been particularly true for China's pharmaceutical industry. Since 2015, the government has been tackling widespread and impressive reforms, not the least of which was joining the International Council of Harmonization (ICH) last summer, accelerating the country's ability to align its system with international norms.
SHANGHAI – Chinese antibody discovery biotech Mabspace Biosciences Co. Ltd., of Suzhou, has raised $40 million in series B financing to further pursue its immuno-oncology (I-O) ambitions. Founded in 2013, the startup has proved itself to be relatively careful with money. Its last round of financing was three years ago, when Mabspace raised $15 million from Lilly Asia Ventures (an independent venture fund, once a part of Eli Lilly and Co.).
SHANGHAI – Suzhou-based Cstone Pharmaceuticals Co. Ltd. continues to wow observers, having obtained the largest series B financing for a Chinese biotech to date, raising $260 million in venture capital financing. That follows a record-breaking series A in July 2016 for $150 million.
SHANGHAI – Chinese antibody discovery biotech Mabspace Biosciences Co. Ltd., of Suzhou, has raised $40 million in series B financing to further pursue its immuno-oncology (I-O) ambitions. Founded in 2013, the startup has proved itself to be relatively careful with money. Its last round of financing was three years ago, when Mabspace raised $15 million from Lilly Asia Ventures, (an independent venture fund, once a part of Eli Lilly and Co.).
SHANGHAI – Suzhou-based Cstone Pharmaceuticals Co. Ltd. continues to wow observers, having obtained the largest series B financing for a Chinese biotech to date, raising $260 million in venture capital financing. That follows a record-breaking series A in July 2016 for $150 million.
SUZHOU, China – It is no secret that the fortunes of China's biotech sector have never looked brighter. There is a list of reasons – recent regulatory reforms, unwavering government financial support, vast amounts of venture capital, legions of young doctorates and a huge untapped market. But without cross-border partnering, China's biotech industry would look dramatically different.
SUZHOU, China – It is no secret that the fortunes of China's biotech sector have never looked brighter. There is a list of reasons – recent regulatory reforms, unwavering government financial support, vast amounts of venture capital, legions of young doctorates and a huge untapped market. But without cross-border partnering, China's biotech industry would look dramatically different.
SUZHOU, China – It is a tradition at the annual ChinaBio Partnering Conference that Greg Scott, event founder and organizer, kicks things off with a slideshow to walk participants – biotech and med-tech entrepreneurs, venture capital investors and big pharma – through an impressive China money story. The numbers can surprise even Scott, who has been bearing witness and contributing to the industry's growth for the last decade.
