China saw $28.5 billion invested in its life sciences sector in 2020, which was double the previous year’s amount and sets a five-year high. Partnering activities and IPOs also grew exponentially over the last five years to set records. “After a somewhat down year in 2019 in terms of investment activity in China’s life sciences, 2020 is completely back on track. Venture capital investment, partnering activity and IPOs are literally exploding,” said Greg Scott, founder and chairman of Chinabio Group, at the Chinabio Partnering Forum that opened May 10.
HONG KONG – Olix Pharmaceuticals Inc. has entered an extensive research collaboration to test its RNAi therapeutic, OLX-104C, with Fimanac, PCI Biotech Holding ASA’s delivery technology for nucleic acid-based therapies, with the aim of reducing off-target effects while treating androgenic alopecia, or hair loss.
Shenzhen Pregene Biopharma Co. Ltd. has outlicensed its internally developed anti-BCMA CAR T-cell therapy candidate, PRG-1801, to Indian pharma giant Dr. Reddy's Laboratories Ltd. in a $162.5 million deal to develop and commercialize it in India. The candidate, which is being developed by Pregene to treat relapsed/refractory multiple myeloma, is now in a phase I trial in China after anIND approval in March 2020.