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Magnet Biomedicine and Eli Lilly Partner on Molecular Glue Therapeutics
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US-based molecular glue specialist Magnet Biomedicine has entered into a collaboration and license agreement with Eli Lilly & Co. (NYSE: LLY). The alliance aims to discover, develop, and commercialize molecular glue therapeutics in oncology. Collaboration DetailsSpecifically, Magnet’s TrueGlue discovery platform will be utilized to identify molecular glues capable of inducing…
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AstraZeneca and Amgen’s Tezspire Shows Positive Results in Phase III Study
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AstraZeneca (NASDAQ: AZN) and Amgen (NASDAQ: AMGN) have jointly announced positive results from the Phase III WAYPOINT study for their co-developed drug Tezspire (tezepelumab). Tezspire is a thymic stromal lymphopoietin (TSLP) – targeted monoclonal antibody (mAb) that has been approved for severe asthma in over 60 countries worldwide. Study ResultsThe…
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Baidu Health Partners with Jolly Pharma to Boost Digital Drug Marketing
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Baidu Health, an internet giant, has entered into a partnership with Zhejiang Jolly Pharmaceutical Co., Ltd. Under the agreement, Baidu will leverage its strengths in AI and its internet medicine platform to drive digital marketing innovation for Jolly Pharma’s Bailing capsules and other drugs. The initial focus will be on…
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Duality Biotherapeutics Updates IPO Filing with HKSE under Chapter 18A Rules
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China-based Duality Biotherapeutics, Inc. updated its initial public offering (IPO) filing to the Hong Kong Stock Exchange (HKSE) late last week, taking advantage of the Chapter 18A rules to list as a pre-profit biotech company. Morgan Stanley, Jefferies Financial, and CITIC Securities act as its co-sponsors. Company Overview and PipelineSince…
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CARsgen’s CT041 Awarded Breakthrough Therapy Designation for Gastric Cancer
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CARsgen Therapeutics Holdings Ltd (HKG: 2171) announced that its chimeric antigen receptor (CAR) T-cell therapy, Satricabtagene autoleucel (CT041), has been awarded Breakthrough Therapy Designation (BTD) by the Center for Drug Evaluation of the National Medical Products Administration (NMPA). The targeted indication is Claudin18.2-positive advanced gastric / gastroesophageal junction cancer (G…
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Huge Dental Files for Hong Kong IPO with Diverse Dental Product Portfolio
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Shandong-based dental materials company Huge Dental Limited has made an initial public offering (IPO) filing in the Hong Kong Stock Exchange, with the unit price and other details not yet disclosed. Product PortfolioHuge Dental boasts a diverse product portfolio covering oral clinical products, dental technician products, and oral digital products.…
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CSPC Pharmaceutical’s Sirolimus Receives BTD for Malignant PEComa Treatment
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China-based CSPC Pharmaceutical Group Ltd (HKG: 1093) announced that it has received Breakthrough Therapy Designation (BTD) from China’s National Medical Products Administration (NMPA) for its sirolimus (albumin-bound) as a monotherapy for malignant perivascular epithelioid cell tumor (PEComa). Drug ProfileSirolimus, also known as rapamycin, is a commonly used specific mTOR inhibitor.…
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Pulnovo Medical Raises USD 100M in Series C Financing for Global Expansion
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Wuxi-based Pulnovo Medical Limited, a developer of medical devices for pulmonary hypertension and heart failure, has reportedly raised nearly USD 100 million in a Series C financing round. The funding was led by Qiming Venture Partners and Lilly Asia Ventures, with contributions from returning investors OrbiMed and Gaorong Capital. Company…
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Grand Pharma Sells Telix Shares for AUD 143M to Fund Clinical Programs
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China-based Grand Pharmaceutical Group Co., Ltd. (HKG: 0512) announced the sale of 4,947,181 shares in its Australia partner Telix Pharmaceuticals Ltd (ASX: TLX) for AUD 143 million (USD 89 million). The proceeds will be used for clinical development targeting unmet clinical needs, including programs in collaboration with Telix. Grand Pharma…
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AI in Healthcare: Accelerating Applications in Diagnostics and Multi-omics Analysis
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The breakthrough technology of DeepSeek has significantly accelerated the application of AI in the medical industry, opening up diverse application scenarios for AI + healthcare. IVD companies are leveraging AI-empowered products and services to reduce costs and increase efficiency. New algorithms are helping to speed up the integration and application…
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Biointron Biologics Files for Public Offering, Aims for BSE Listing
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On February 11, Biointron Biologics released its tutoring filing report for the public offering of shares to unspecified qualified investors and listing on the Beijing Stock Exchange (BSE). The tutoring work is led by Haitong Securities Co., Ltd., with Grandway Law Offices and Grant Thornton China (Special General Partnership) responsible…
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Biocytogen Completes DeepSeek Localization, Integrates with “Thousand Mice, Ten Thousand Antibodies” Plan
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On February 28, Biocytogen Pharmaceuticals (Beijing) Co., Ltd. (HKG: 2315) announced that it has completed the localization deployment of DeepSeek and achieved full synergy with its core business, the “Thousand Mice, Ten Thousand Antibodies” program. This technological integration marks a new stage of intelligence and dataization in the early –…
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BeiGene’s Q4 and 2024 Financials Highlight Significant Growth and Product Success
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BeiGene, Ltd. (NASDAQ: ONC, HKG: 6160, SHA: 688235) released financial results and corporate updates from the fourth quarter and full year 2024 as the oncology biotech works to change its name to BeOne Medicines Ltd. The company recorded USD 1.128 billion in Q4 and USD 3.81 billion in 2024 revenues,…
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Zai Lab Q2 and Full-Year 2024 Report Shows Sales Growth and Loss Reduction
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China-based biotech Zai Lab Ltd (NASDAQ: ZLAB, HKG: 9688) released its Q2 and full-year 2024 financial report. The company recorded USD 108.5 million in product net sales in Q4 and USD 397.6 million for the full year of 2024, marking a 65% and 50% year-on-year (YOY) increase at constant exchange…
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Viatris Q4 and Full-Year Results Show Greater China Growth
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US generics giant Viatris (NASDAQ: VTRS) released its Q4 and full-year 2024 financial results. In the fourth quarter, revenues dropped 7% year-on-year (YOY) to USD 3.515 billion. However, the Greater China region generated USD 522 million in sales after a 2% expansion. For the whole year, company revenues stood at…
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SciClone Pharmaceuticals Licenses Eisai’s Tasurgratinib for China
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China-based SciClone Pharmaceuticals Inc. announced a licensing agreement with Eisai Co., Ltd (TYO: 4523), securing exclusive development and commercialization rights to the Japanese firm’s tasurgratinib succinate (E7090) in China. Drug ProfileTasurgratinib, an orally available selective inhibitor of FGFR 1-3, was approved in Japan in September of last year. It is…
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Fosun Pharmaceutical’s XS-03 Gets NMPA Green Light for CRC Study
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China-based Shanghai Fosun Pharmaceutical (Group) Co., Ltd (SHA: 600196, HKG: 2196) announced that it has received approval from the National Medical Products Administration (NMPA) to conduct a clinical study of its Category 1 chemical drug XS-03. The study will assess the drug’s use in combination with FOLFOX or FOLFIRI plus…
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Sino Biopharmaceutical and Sciwind Biosciences Partner on CPX102 Development
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China-based Sino Biopharmaceutical Ltd (HKG: 1177) announced a strategic partnership with compatriot firm Sciwind Biosciences Co., Ltd. The alliance aims to leverage their respective advantageous resources to promote the research and development of CPX102, an interleukin-29 (IL-29) program from Sino Biopharmaceutical. Specifically, the two companies will carry out exclusive licensing…
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Bayer’s BlueRock Therapeutics Gets Fast Track for OpCT-001 Therapy
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German pharmaceutical giant Bayer (ETR: BAYN) and its wholly owned subsidiary BlueRock Therapeutics LP announced that they have received Fast Track Designation from the US Food and Drug Administration (FDA) for OpCT-001. The investigational therapy, derived from induced pluripotent stem cells (iPSC), is intended for the treatment of primary photoreceptor…
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Chipscreen Biosciences’ CS12088 Gets NMPA Clearance for Hepatitis B Study
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China-based Shenzhen Chipscreen Biosciences Co., Ltd. (SHA: 688321) announced that the National Medical Products Administration (NMPA) has granted clearance to conduct a study of its investigational drug CS12088 in adult patients with chronic hepatitis B. Drug Mechanism and Preclinical DataCS12088 is an HBV nucleocapsid assembly regulator that interferes with the…
