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Attec Completes Pre-Series A Financing with Sequoia China Backing Protein Degradation Tech
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China-based biotech startup Attec has completed a pre-Series A financing round, with its protein degradation capabilities drawing investment from Sequoia China. The deal size was not disclosed. Company BackgroundFounded by Shanghai Fudan University professor Dr. Yu Ding, Attec specializes in drug discovery using protein degradation technology. The firm’s small-molecule glue…
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Innovent Biologics’ Mazdutide Meets Phase II Goals in Type 2 Diabetes Study
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China-based Innovent Biologics Inc. (HKG: 1801) announced that its Phase II study of mazdutide (IBI362/OXM3) in Chinese patients with type 2 diabetes met primary endpoints. The multi-center, randomized trial compared mazdutide with placebo and dulaglutide in patients with inadequate glucose control despite lifestyle interventions and/or stable metformin doses (NCT04965506). Study…
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Digital Precision Medicine Raises Hundreds of Millions in Series B Financing for Molecular Imaging Innovation
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China-based Digital Precision Medicine (DPM), a molecular imaging and fluorescence endoscopy manufacturer, has reportedly raised hundreds of millions of renminbi in a Series B financing round. The round was co-led by Softbank China Venture Capital and Longmen Fund, with participation from Hangzhou Risheng Private Equity Fund Management Co., Ltd and…
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Sihuan Pharma’s Fourth-Gen Insulin Degludec NDA Accepted by NMPA for Review
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China’s Sihuan Pharmaceutical Holdings Group Ltd (HKG: 0460) announced that its New Drug Application (NDA) for a fourth-generation insulin degludec analog has been accepted by the National Medical Products Administration (NMPA) for review. The drug is the first insulin degludec analog to enter the marketing review stage after the originator…
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Sihuan Pharma’s Anaprazole Enters Phase II Study for Reflux Esophagitis
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China’s Sihuan Pharmaceutical Holdings Group Ltd (HKG: 0460) announced that its subsidiary Xuanzhu Biopharmaceutical Co., Ltd has received approval to proceed with a Phase II clinical study of anaprazole for the treatment of reflux esophagitis (RE) and associated symptoms, including acid reflux, heartburn, and retrosternal pain. Drug ProfileAnaprazole, the only…
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Takeda Opens R&D Asia-Pacific Headquarters in Shanghai to Boost Drug Development
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Japan’s Takeda Pharmaceutical Co., Ltd has inaugurated its R&D Asia-Pacific headquarters in Pudong, Shanghai. The new site will serve as the firm’s Asian drug development center, marking an upgrade to its China R&D strategy. China StrategyTakeda launched a major China strategy in 2022 aimed at increasing R&D investment and accelerating…
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Tongling Bionic Raises Hundreds of Millions in Series B Financing for Cardiopulmonary Equipment Development
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Anhui Tongling Bionic Technology Co., Ltd, a Chinese developer of cardiopulmonary circulatory assist equipment, has reportedly raised hundreds of millions of renminbi in a Series B financing round led by Weigao Holding’s fund. The proceeds will be used for product research and development and facilities construction. Company BackgroundFounded in 2016…
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Sesen Bio Terminates Vicineum Development After FDA Talks, Citing Phase III Costs
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Sesen Bio Inc. (NASDAQ: SESN) announced the termination of clinical development for Vicineum (VB4-845), its next-generation antibody drug conjugate (ADC) for non-muscle invasive bladder cancer, following discussions with the U.S. FDA. The decision cited costs associated with conducting another Phase III study. Drug Profile and Licensing DealVicineum, developed on Sesen…
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Huadong Medicine’s GFR Monitoring System Accepted by NMPA for Review
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China-based Huadong Medicine Co., Ltd (SHE: 000963) announced that its market filing for a glomerular filtration rate (GFR) dynamic monitoring system has been accepted by the National Medical Products Administration (NMPA). The device, co-developed by subsidiaries Hangzhou Zhongmei Huadong Pharmaceutical and MediBeacon Inc., measures GFR non-invasively in patients with normal…
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Roche’s Chugai Launches Edirol in China for Postmenopausal Osteoporosis
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Swiss pharma giant Roche’s subsidiary Chugai Pharmaceutical Co Ltd has officially launched Edirol (eldecalcitol), an active Vitamin D3 derivative, in China. The drug, approved in December 2020 for treating osteoporosis in postmenopausal women, will be promoted by Chugai Pharma China Co., Ltd and Roche’s local unit. Drug ProfileEdirol, first approved…
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Humanwell Healthcare’s RFUS-144 Wins NMPA Approval for Pruritus Clinical Study
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China-based Humanwell Healthcare (Group) Co., Ltd (SHA: 600079) announced that its Category 1 drug RFUS-144 has received clinical trial approval from the National Medical Products Administration (NMPA) for the treatment of pruritus. The drug, a selective opioid agonist, was previously approved for pain relief in China. Drug ProfileRFUS-144 is being…
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Brii Biosciences Partners with Huarun Medicine to Commercialize COVID-19 Antibody Cocktail in China
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China-based Brii Biosciences Ltd (HKG: 2137) announced a partnership with Huarun Medicine Business Group International Trade Co., Ltd to accelerate the commercialization of its anti-COVID-19 antibody cocktail, BRII-196 plus BRII-198 (amubarvimab/romlusevimab), in China. The collaboration will focus on warehousing, channel distribution, regional access, and other innovative aspects, though financial details…
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Hengrui Medicine Launches Revelutamide for Metastatic Prostate Cancer in China
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Hengrui Medicine has launched revelutamide (SHR3680; trade name: Erion), China’s homegrown innovative androgen receptor (AR) inhibitor, for the treatment of metastatic hormone-sensitive prostate cancer (mHSPC) with high tumor burden. The drug received conditional market approval from the National Medical Products Administration (NMPA) in June 2022 and was first prescribed at…
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Chongqing Lummy Pharma Cancels YZY Biopharma Y400 Partnership, Secures Compensation
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China’s Chongqing Lummy Pharmaceutical Co., Ltd (SHE: 300006) announced the termination of its strategic partnership with Wuhan YZY Biopharma Co., Ltd, originally signed in September 2020. The deal granted Lummy exclusive priority sales rights to YZY Bio’s Y400, a bispecific antibody (BsAb) targeting VEGFA and ANG2, in Greater China. YZY…
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HutchMed Initiates Phase I Study of CD47 Monoclonal Antibody HMPL-A83 in China
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China-based HutchMed (NASDAQ: HCM, HKG: 0013) announced the initiation of a Phase I clinical study for HMPL-A83, its monoclonal antibody (mAb) targeting CD47, in patients with advanced malignant tumors. The first patient was dosed on July 15, 2022. Study DetailsThe multi-center, open-label Phase I trial (NCT05429008) will evaluate the safety,…
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Grand Pharma Acquires Stake in Xeltis and Licenses aXess for Hemodialysis in Greater China
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China-based Grand Pharmaceutical Group Limited (HKG: 0512) announced the acquisition of an 11% stake in Holland-based Xeltis AG, along with an exclusive license for the development, manufacturing, and commercialization of Xeltis’s endogenous tissue repair product aXess in Greater China. The deal, valued at €15 million ($15.2 million), grants Grand Pharma…
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Fermion Secures Series B Financing to Advance AI-Driven Drug Development
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Guangzhou-based AI biotech Fermion has raised over RMB100 million ($14.8 million) in a Series B financing round led by iFLYTEK Venture Capital, Zhengxuan Capital, Panda Capital, and Challenjers Venture Capital. The funds will advance its core drug pipelines, including a Phase I clinical study for FZ002, a chronic pain candidate,…
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Biotree Raises $14.8M in Series A Financing to Expand Multi-Omics Platform
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Shanghai-based multi-omics specialist Biotree has raised nearly RMB100 million ($14.8 million) in a Series A financing round led by Qiming Venture Partners. The funds will support platform expansion, R&D, production, and market promotion. Company BackgroundFounded in 2012, Biotree conducts metabolomic and proteomic research on human, animal, plant, and microbial samples.…
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Kexing Pharmaceutical’s SHEN26 COVID-19 Drug Receives NMPA Approval for Clinical Trials
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China-based Kexing Pharmaceutical (SHA: 688136) announced that its oral small-molecule COVID-19 drug SHEN26, co-developed with Shenzhen Antaiwei Biopharmaceutical Co., Ltd, has received approval from the National Medical Products Administration (NMPA) to proceed with clinical trials. Drug ProfileSHEN26 is a novel coronavirus polymerase (RdRp) inhibitor that blocks viral nucleic acid synthesis.…
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WeDoctor Partners with Jinan Innovation Zone to Launch Dual Healthcare Platform
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China-based WeDoctor Holdings Ltd, a Tencent-backed online medical service platform, has partnered with Jinan Innovation Zone to establish a dual-platform system combining an Internet health platform and an Internet traditional Chinese medicine (TCM) exchange platform. The collaboration builds on a previous provincial Internet health service platform focused on TCM digital…
