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Yantai Dongcheng’s Lannacheng Bio Secures RMB150m to Advance [18F] Spiritide Study
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Yantai Dongcheng Pharmaceutical Group Co., Ltd (SHE: 002675)’s controlling subsidiary, Yantai Lannacheng Biotechnology Co., Ltd., has secured RMB150 million (USD20.7 million) in funding from three new investors: Wenzhou Ruili Medical New Consumer Industry Investment Partnership, Shanghai Linjue Enterprise Management, and Shanghai Hanchengming Enterprise Management, as well as its parent company…
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Beijing Wanjie Medical Device Completes Near-Hundred Million Yuan B-Round Financing
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Beijing Wanjie Medical Device Co., Ltd. recently announced the successful completion of a B-round financing of nearly 100 million yuan. The round was invested by the fund under CAS Investment Management Co., Ltd., with Mailin Capital serving as the exclusive financial advisor. The funds raised will be mainly used for…
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LinkZill Completes Multi-Million-Dollar A-Round Financing Led by ProximaVentures
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Hangzhou LinkZill Technology Co., Ltd. has recently completed a multi-million-dollar A-round financing, exclusively led by Proxima Ventures. The funds will be used to accelerate product delivery and global market expansion. Company BackgroundFounded in 2019 with its headquarters in Hangzhou, China, and a research and business center in Cambridge, UK, LinkZill…
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Nanos Medical Raises Over RMB300m to Boost Otolaryngology Device Lead
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China-based Nanos Medical (Shanghai) Limited, an otolaryngology device maker, has reportedly raised over RMB300 million (USD42 million) in another financing round. The funding was led by Qiming Venture Partners and included contributions from River Head Capital. Funding DetailsThe proceeds will facilitate Nanos Medical’s leading position in the otolaryngology and cranial…
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StairMed Raises Record RMB350m for Implantable BCI Development
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Shanghai StairMed Technology Co., Ltd., a specialist in implantable brain-computer interface (BCI) technology, has reportedly raised RMB350 million (USD48 million) through a Series B financing round. This is the largest financing round in the implantable BCI industry in China so far. Funding DetailsThe funding round was led by Qiming Venture…
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Anhui Anke to Invest in Visen Pharma’s Hong Kong IPO as Cornerstone Investor
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China – based Anhui Anke Biotechnology (Group) Co., Ltd (SHE: 300009) has announced its plan to subscribe to shares of Visen Pharmaceuticals via its initial public offering (IPO) on the Hong Kong Stock Exchange. Anhui Anke will invest up to USD31 million as a cornerstone investor. About Visen PharmaceuticalsVisen Pharmaceuticals…
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Novartis to Acquire Anthos Therapeutics for $3.1B, Boosting Factor XI Inhibitor Portfolio
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Swiss pharma giant Novartis (NYSE: NVS) announced plans to acquire Anthos Therapeutics, Inc., a cardiometabolic-focused biopharma co-founded with Blackstone Life Sciences in 2019, in a deal valued at up to USD 3.1 billion. The transaction underscores Novartis’ commitment to expanding its pipeline in thrombosis and cardiovascular diseases. Acquisition TermsAnthos shareholders…
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R-Nanoablation Raises USD 13.7M in Series B+ to Advance Nanosecond Ablation Tech
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Hangzhou-based R-Nanoablation, a minimally invasive medical device developer, has raised over RMB 100 million (USD 13.7 million) in a Series B+ round led by Zhangjiang Haoheng Innovative Equity Investment and Jwell. The funds will accelerate clinical trials and commercialization of its nanosecond pulse electric field (nsPEF) technology platform. Funding DetailsProceeds…
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Xtalpi Invests in Alternative Bio for Cancer and Inflammation Drugs
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Shenzhen-based QuantumPharm Inc. (HKG: 2228), also known as Xtalpi Inc., announced a strategic investment in Alternative Bio, alongside an in-depth research partnership with the Wuxi-based biotech firm. Alternative Bio’s Innovative Drug DevelopmentAlternative Bio, founded by three serial entrepreneur scientists, focuses on developing small molecule targeted innovative drugs for major diseases…
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CR Sanjiu Gains SASAC Approval for Tasly Pharma Acquisition
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China-based CR Sanjiu (SHE: 000999), a state-owned pharmaceutical company, has received approval from the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) to acquire an aggregate of 418,306,002 shares of compatriot firm Tasly Pharma Co., Ltd (SHA: 600535). According to the deal struck in August of last…
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Regeneron’s Q4 Financials Show 10% Revenue Growth, Driven by Eylea and Libtayo
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US-based biopharmaceutical company Regeneron (NASDAQ: REGN) released its Q4 2024 financial report, showing revenues up 10% year-on-year (YOY) to USD 3.79 billion. For the full year, sales grew by 8% to USD 14.2 billion. The results highlight the continued strength of Regeneron’s portfolio, particularly its top-selling products. Top Performers in…
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Tofflon to Join Shanghai Biomedical M&A Fund with Leading Firms
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China-based Tofflon Science and Technology Group Co., Ltd. (SHE: 300171), a total solution service provider for global pharmaceutical companies, plans to jointly establish the Shanghai Biomedical Mergers and Acquisitions Equity Investment Partnership Enterprise (Limited Partnership) with Shanghai Pharmaceuticals Holding Co., Ltd., Shanghai Junshi Biosciences Co., Ltd., and MediTrust Health, among…
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PegBio’s Lead Product PB-119 Clears HKEX Hearing for Type 2 Diabetes and Obesity Treatment
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On January 28, 2025, the Hong Kong Stock Exchange (HKEX) website showed that PegBio Co., Ltd., a Suzhou-based specialist in endocrine metabolism, has successfully passed the HKEX hearing. China International Capital Corporation (CICC) acted as the sole sponsor. Company OverviewPegBio was established in 2008 as a biotechnology company focused on…
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Vigonvita Life Sciences Targets HKEX IPO with Integrated Biopharma Model
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On January 27, 2025, the Hong Kong Stock Exchange (HKEX) website displayed that Suzhou Vigonvita Life Sciences Co., Ltd submitted an application for listing on the HKEX, with CITIC Securities as the sponsor. Company Overview and MissionThe prospectus shows that Vigonvita Bio, established in 2013, is an integrated biopharmaceutical company…
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Jiangsu Yuyue Partners with Inogen for International Distribution and R&D
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China-based Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. (SHE: 002223) has struck a partnership with US medtech company Inogen, Inc. (NASDAQ: INGN). The alliance aims to leverage the respective brand and product influence of both companies to work together on international distribution business, trademark licensing and distribution business, joint…
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Jiangsu Vcare PharmaTech Secures RMB200 Million in Series C+ Financing
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Jiangsu Vcare PharmaTech Co., Ltd., a China – based high – tech pharmaceutical company, has reportedly secured close to RMB200 million (USD27.6 million) in a Series C + financing round. The funding was led by Galaxy Finance, CMG – SDIC Capital, Yangtze River Industry Group, and other investors. The proceeds…
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ConjuStar Raises RMB100 Million to Advance X-Drug Conjugates Pipeline
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ConjuStar, a specialist in X-Drug conjugates (XDCs) based in Tianjin, has reportedly raised RMB100 million (USD13.73 million) in a Pre-Series A+ financing round. The funding was led by Fosun Health Capital, with participation from Hengqin Venture Capital and Shenzhen Qianhailiyuan Investment. The proceeds will be used to accelerate core product…
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iMBIORAY Raises RMB 100 Million in Series A+ for NK Cell Therapies
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Hangzhou-based cell therapy specialist iMBIORAY has reportedly raised close to RMB 100 million (USD 13.7 million) in a Series A+ financing round. The round was led by Sinowisdom, with contributions from Tailong VC, HY Capital, and other investors. The proceeds will be used to advance the clinical development of universal…
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Shenzhen TargetRx Raises $50M in Series C Financing for Global Clinical Trials
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China-based Shenzhen TargetRx, Inc., a developer of small-molecule kinase inhibitors, has announced the completion of a Series C financing round, raising USD 50 million. The funds will be used to advance overseas clinical studies for multiple innovative drugs, positioning the company for global expansion. Company Background and PipelineFounded in 2014,…
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Degron Therapeutics Secures $20M Series A+ for Molecular Glue Drug Development
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China-based Degron Therapeutics, a specialist in molecular glue-based drugs, has reportedly raised over USD 20 million in a Series A+ financing round last month. The round was supported by investors including the Zhejiang Province “4+1” Biomedical and High-End Equipment Industry Fund, Takeda Ventures, Fontus Capital, Longmen Capital, HaoYue China Healthcare…
