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Home » Newsletters » BioWorld Asia

BioWorld Asia

Sep. 12, 2023

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IPO stock market ticker

Following Hong Kong IPO, Immuneonco looks to be rising star

After raising HKD$320 million (US$40.8 million) in its IPO on the Hong Kong Stock Exchange last week, Immuneonco Biopharmaceuticals Co. Ltd.’s stock has continued to rise, and analysts are expecting the Hong Kong market to pick up after a slack start to the year. Read More
Lung cancer illustration

Daiichi Sankyo’s HER3 ADC shows promise in EGFR-mutated advanced NSCLC

Daiichi Sankyo Co Ltd.’s HER3-directed antibody-drug conjugate patritumab deruxtecan showed clinically meaningful and durable responses in patients with EGFR-mutated locally advanced or metastatic non-small-cell lung cancer (NSCLC) in the Herthena-Lung1 phase II trial. Read More
Optogenetics illustration

Shape, Otsuka ink $1.5B gene therapy alliance targeting ocular diseases

In its second big pharma deal to date, Shape Therapeutics Inc. drew Otsuka Pharmaceutical Co. Ltd. to the table in a potential $1.5 billion-plus collaboration initially aimed at developing gene therapies for ocular diseases. The multitarget agreement, which includes options for additional targets and tissue types, will combine Shape’s AI-driven adeno-associated virus (AAV) platform and Otsuka’s expertise in ophthalmology to develop intravitreally delivered AAV therapies. Read More
Jin Yanggon, chairman, HLB

KIW 2023: ‘HLB ready to take 50% of liver cancer market with rivoceranib’

HLB Co. Ltd. is ready to take half of the liver cancer treatment market with its potential first-line treatment, rivoceranib, currently undergoing U.S. FDA review, company chairman Jin Yang-gon said, backed by positive survival data that beat out competitors by three months. Read More
Brandon Suh, CEO, Lunit at Korea Investment Week

KIW 2023: Lunit moves from AI-imaging cancer diagnostics to I/O success prediction

Springboarding off the success of its AI-based imaging software for cancer detection, the deep learning-based artificial intelligence (AI) company Lunit Inc. has another AI software, called the Lunit Scope, up its sleeve for which it hopes to gain U.S. FDA approval by 2025. Read More

China’s NMPA approves Gloria Bio’s zimberelimab as first PD-1 MAb for cervical cancer

China’s National Medical Products Administration (NMPA) has given the green light to Gloria Biosciences Co. Ltd.’s anti-PD-1 monoclonal antibody, zimberelimab (Yutuo, GLS-010), for treating second-line cervical cancer, making it the first immune checkpoint inhibitor approved in China for treating the disease. Read More
south-korea-flag-asia.png

GPKOL 2023: Amid global downturn, experts mull pharma’s growth post-pandemic

South Korean biopharmaceutical firms are facing a harsher climate and an uphill battle both domestically and abroad, amid the larger economic downturn that has slowed everything from new drug approval to dealmaking. At the Global Pharma Key Opinion Leaders (GPKOL) 2023 Symposium held at the El Tower on Sept. 7 in Seocho-gu, Seoul, officials from the industry, government and academia gathered to discuss strategies on bouncing back from the lasting effects of the COVID-19 pandemic. Read More
Clinical-trial-syringe-and-ampoules.png

Interim results show Brii’s therapeutic HBV vaccine induces immune response

Brii Biosciences Ltd.’s therapeutic vaccine for hepatitis B (HBV), BRII-179 (VBI-2601), induced functional immune responses – inducing broad antibody and T-cell responses – in patients with chronic HBV in a phase II trial that evaluated the vaccine in combination with pegylated interferon-alfa, according to interim results. Read More

Curocell clears initial Kosdaq review, preps November IPO

South Korean CAR T developer Curocell Inc. said on Sept. 8 that it passed a preliminary screening to list on Kosdaq – news that comes four months after its application was made to the Korea exchange on May 2, 2023, and a year after its first failed application in January 2022. Read More
Coin stacks, dollar signs and up arrow

Biopharma financings up from last year with $42.8B raised through August 2023

In August 2023 biopharma companies raised a collective $4.02 billion through 86 transactions, down from the previous seven months’ average of $5.53 billion. Read More
Scott Penberthy, director of applied AI, Google Cloud's Office of the Chief Technology Officer

BioWorld Insider Podcast – AI: driving drug development from effective to remarkable

Google’s Scott Penberthy joins the podcast for a visionary discussion that scans the horizon for startling changes artificial intelligence will bring to drug development in the relatively near future. Read More

Financings for Sept. 12, 2023

Biopharmas in Asia-Pacific raising money in public or private financings: Aptose, Grit, Hanmi, Jiangsu Nhwa, Trevena. Read More

In the clinic for Sept. 12, 2023

Clinical updates from Asia, including trial initiations, enrollment status and data readouts and publications: ACM Biolabs. Read More

Other news to note for Sept. 12, 2023

Biopharma happenings in Asia-Pacific, such as deals and partnerships, grants, preclinical data and other news in brief: Biocytogen, Chr. Hansen, Imidomics, Myricx, Novartis, Novozymes, Samsung Bioepis, Sandoz, Sinovac, Tnax. Read More

Regulatory actions for Sept. 12, 2023

Regulatory snapshots, including drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations in Asia-Pacific: Arcturus, Astrazeneca, CSL Seqirus, Gloria, Neurophth. Read More

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