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Shanghai Ark Bio Raises Series D Funding to Advance Pediatric and Respiratory Drug Pipeline
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China-based Shanghai Ark Biopharmaceutical Co., Ltd has completed a Series D financing round, following its Series C round in January 2021. The latest round was led by Loyal Valley Capital and included participation from C&D Emerging Industry Equity Investment, Longda Foods, and existing investors such as Oriza Holdings, Qiming Venture…
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Simcere’s Trilaciclib Wins NMPA Approval for Chemotherapy Myeloprotection
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Jiangsu Simcere Pharmaceutical Co., Ltd’s trilaciclib has received marketing approval from the National Medical Products Administration (NMPA) for reducing chemotherapy-induced myelosuppression (CIM) in adult patients with extensive-stage small cell lung cancer (ES-SCLC). The drug, licensed from US biotech G1 Therapeutics, was approved under a prioritized review process. Drug ProfileTrilaciclib, a…
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China’s 2021 Healthcare Report Shows Rising Life Expectancy, Increased Medical Spending
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China’s National Health Commission (NHC) released the “Healthcare Statistical Communique 2021,” revealing increased healthcare spending, improved life expectancy, and enhanced pandemic response capabilities. The report highlights key metrics in medical resources, services, and public health. Key Health Indicators Medical Resources Medical Services Patient Expenditure COVID-19 Response
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Sinopharm Biotec and Ganzhou Government Partner on Medical Testing and Biotech R&D
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Sinopharm China National Biotec Group Co., Ltd (CNBG) announced a strategic partnership with the government of Ganzhou, Jiangxi Province, to collaborate on medical testing, research and development of innovative pet drugs, and the production of blood products. Partnership DetailsThe agreement will see CNBG and Ganzhou work together in multiple biomedical…
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Basecare Medical and Haier Biomedical Partner on IVF Cryopreservation Tech
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China-based IVF specialist Suzhou Basecare Medical Co., Ltd (HKG: 2170) announced a strategic partnership with compatriot firm Haier Biomedical Co., Ltd to collaborate on research and development in assisted reproductive cryogenic preservation. Financial terms of the agreement were not disclosed. Partnership FocusThe partnership aims to advance technologies in cryopreservation for…
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Huadong Medicine’s Biosimilar Victoza (Liraglutide) Accepted for NMPA Review
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China-based Huadong Medicine Co., Ltd (SHE: 000963) announced that its market filing for a biosimilar version of Novo Nordisk’s Victoza (liraglutide), produced by subsidiary Hangzhou Zhongmei Huadong Pharmaceutical Co., Ltd, has been accepted by the National Medical Products Administration (NMPA). The drug is intended as an adjunctive therapy for adult…
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CorrectSequence Therapeutics’ tBE Tech Wins USPTO Patent for Gene Editing
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Shanghai-based gene editing firm CorrectSequence Therapeutics announced it has received a patent from the United States Patent and Trademark Office (USPTO) for its variant base editing (tBE) system, a technology designed to enhance precision and reduce off-target mutations in gene editing. Technology HighlightsThe tBE system integrates a deoxycytidine deaminase inhibitor…
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Zai Lab’s Efgartigimod NDA Accepted by NMPA for Myasthenia Gravis
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Zai Lab Ltd (NASDAQ: ZLAB, HKG: 9688) announced that the National Medical Products Administration (NMPA) has accepted its New Drug Application (NDA) for efgartigimod, the world’s first FcRn antagonist, targeting generalized myasthenia gravis (MG). Drug ProfileEfgartigimod, developed by Netherlands-based Argenx and licensed to Zai Lab in January 2024 for up…
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Overland ADCT BioPharma Doses First Patient in Zynlonta’s Phase III LOTIS-5 Study for DLBCL
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Overland ADCT BioPharma (CY) Ltd, a joint venture between China’s Overland Pharmaceuticals and Switzerland’s ADC Therapeutics SA (NYSE: ADCT), announced the first patient dosing in the Phase III confirmatory LOTIS-5 study of Zynlonta (loncastuximab tesirine) for diffuse large B-cell lymphoma (DLBCL). The trial will evaluate the drug’s efficacy and safety…
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Triastek Partners with Eli Lilly to Explore 3D Printing for GI Drug Delivery
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China-based Triastek Inc., a pharmaceutical 3D printing specialist, announced a partnership with US firm Eli Lilly & Co. (NYSE: LLY) to explore 3D printing technology for precise, programmed drug release in the gastrointestinal (GI) tract. Partnership GoalsThe collaboration will focus on two key areas: Triastek’s Technology PlatformTriastek utilizes its MED…
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Zhejiang Medicine’s ARX305 ADC Receives Clinical Trial Approval for CD70-Positive Cancers
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China-based Zhejiang Medicine Co., Ltd (SHA: 600216) announced that its subsidiary NovoCodex Biopharmaceuticals Ltd has received approval to conduct a clinical study of ARX305, a Category 1 biologic drug targeting CD70 and AS269, for advanced tumors. The drug is designed to treat CD70-positive cancers, including renal cell carcinoma and multiple…
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GenScript ProBio Partners with ACT Therapeutics on CAR-T Cell Therapy Development
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GenScript ProBio, a global Contract Development and Manufacturing Organization (CDMO), announced a memorandum of understanding (MOU) with South Korea’s ACT Therapeutics to collaborate on cell therapy development. GenScript will act as ACT’s global partner, providing plasmid and virus vector services to advance ACT’s chimeric antigen receptor (CAR) T cell therapy…
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Abbisko Therapeutics’ ABSK021 Receives BTD for Giant Cell Tumor Treatment
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Shanghai-based Abbisko Therapeutics Co., Ltd (HKG: 2256) announced that its Category 1 drug ABSK021 has received breakthrough therapy designation (BTD) from the Center for Drug Evaluation (CDE) for treating inoperable giant cell tumor of tendon sheath. The drug, a CSF-1R inhibitor, is being developed for both tumor and non-tumor indications.…
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NMPA Reclassifies Glucosamine Sulfate to OTC, Mandates Label Revisions
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China’s National Medical Products Administration (NMPA) announced that potassium glucosamine sulfate has been reclassified from a prescription drug to over-the-counter (OTC) status. The move requires updates to product listings and OTC package insert templates. Regulatory UpdateMarketing Authorization Holders (MAHs) must submit revised package inserts to provincial medical products bureaus by…
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China’s JPO Launches VBP Round for Orthopedic Spine Consumables
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China’s Joint Procurement Office (JPO) announced plans on July 11 to conduct a volume-based procurement (VBP) round for orthopedic spine medical consumables, marking the third such initiative following previous rounds for coronary stents and artificial joints. The three-year cycle aims to standardize procurement and reduce costs. Bidding StructureThe JPO will…
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HutchMed’s Orpathys-Tagrisso Combo Shows Promise in NSCLC at WCLC
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China-based HutchMed (NASDAQ: HCM, HKG: 0013) announced the publication of an abstract detailing the SAVANNAH Phase II trial results at the World Conference of Lung Cancer (WCLC). The study evaluates the combination of HutchMed’s Orpathys (savolitinib) and AstraZeneca’s Tagrisso (osimertinib) in EGFR-mutated, MET-driven non-small cell lung cancer (NSCLC) patients with…
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Junshi Biosciences’ JS203 Bispecific Antibody Receives NMPA Green Light for NHL Study
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China-based Junshi Biosciences (HKG: 1877, SHA: 688180) announced that the National Medical Products Administration (NMPA) has approved its injectable bispecific antibody (BsAb) JS203 for a clinical study in relapsed or refractory B-cell non-Hodgkin lymphoma (NHL). The drug targets CD20 and CD3, leveraging these antigens to enhance tumor-inhibiting effects. Drug Profile…
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Eli Lilly’s Trulicity + Insulin Combo Meets Goals in China’s AWARD-CHN3 Study
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Eli Lilly (NYSE: LLY) announced that its Phase III AWARD-CHN3 study of Trulicity (dulaglutide) combined with titrated insulin glargine in Chinese patients with type 2 diabetes met the primary endpoint and all key secondary endpoints. The 28-week trial showed significant reductions in glycated hemoglobin (HbA1c), body weight, and fasting serum…
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China’s 7th VBP Round Yields 65.5% Drug Price Cuts, Foreign Firms Secure Bids
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China’s 7th national volume-based procurement (VBP) round concluded with winning bids averaging a 65.5% price reduction compared to ceiling prices, as domestic firms dominated the tender. The results, announced by the national alliance procurement office, are open for public feedback until July 15, with full province-by-province allocations pending. Key Results…
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CDE Grants Priority Review to Ascentage’s Olerembatinib and Roche’s Crovalimab
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The Center for Drug Evaluation (CDE) has granted priority review status to two drugs: Suzhou Ascentage Pharma’s olverembatinib and Roche’s crovalimab. The designations aim to accelerate regulatory timelines for these therapies targeting unmet medical needs. Ascentage’s Olerembatinib Roche’s Crovalimab
