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Burning Rock Reports Q4 Revenue Growth Amid Improved Profitability
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Guangzhou-based medical device company Burning Rock (NASDAQ: BNR) has released its Q4 2024 financial results. The company reported Q4 revenues of RMB 126 million (USD 17.3 million), representing a 4.1% year-on-year (YOY) increase. For the full year, revenues reached RMB 515.8 million (USD 71 million), a 4.0% YOY decrease. Despite…
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China’s 2025 Pharmacopoeia Edition Approved, Set for October 1 Implementation
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The Pharmacopoeia of the People’s Republic of China (2025 Edition), released by the National Medical Products Administration and National Health Commission, has been approved by the 12th Conference of the Chinese Pharmacopoeia Commission (ChPC) Executive Committee. The new edition is scheduled for implementation on October 1, 2025. Regulatory RequirementsFrom the…
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Alphamab Oncology Reports 192.58% Revenue Surge Led by Envafolimab
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Alphamab Oncology (HKG: 9966) has announced its 2024 financial results, marking a significant milestone with its first annual profit. The company reported revenues of RMB 640.08 million (USD 88.1 million), representing a 192.58% year-on-year increase. Profits reached RMB 166.34 million (USD 22.9 million), driven primarily by sales of its core…
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Shanghai Henlius Biotech Receives NMPA Approval for HLX79 in Glomerulonephritis Trial
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China’s Shanghai Henlius Biotech Inc. (HKG: 2696) has announced receiving approval from the National Medical Products Administration (NMPA) to conduct a Phase II clinical study for its HLX79 (E-602) in combination with Hanlikang (rituximab biosimilar) for the treatment of active glomerulonephritis. Innovation and MechanismHLX79 is a first-in-class human sialidase fusion…
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Chia Tai Tianqing’s TQB2210 Approved for Advanced Malignant Tumor Study
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The Center for Drug Evaluation (CDE) of China’s National Medical Products Administration (NMPA) has approved Chia Tai Tianqing’s Category 1 drug TQB2210 for clinical study in advanced malignant tumors. This marks a significant step forward for the company in the field of oncology. Drug Profile and InnovationTQB2210 is a human…
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CanSino Biologics Partners with Saudi SPIMACO to Boost Meningococcal Vaccine Access
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China-based CanSino Biologics Inc. (HKG: 6185) has entered into a collaboration agreement with Saudi pharmaceutical firm SPIMACO, a leader in the Middle East and North Africa (MENA) region. The partnership aims to enhance access to CanSino’s ACYW135 Meningococcal Conjugate Vaccine (CRM197) (MCV4, trade name: Menhycia) in Saudi Arabia and other…
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Everest Medicines Reports Surge in Revenue, Advances Core Products and R&D Pipeline
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China-based Everest Medicines (HKG: 1952) has announced its 2024 financial results, marking a significant milestone in its growth trajectory. The company reported a remarkable 461% year-on-year increase in revenues, reaching RMB 707 million (USD 97 million). Concurrently, the non-IFRS net loss narrowed by 25% to RMB 537.6 million (USD 74…
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Jiangsu Hengrui Pharmaceuticals Inks Global License Deal with Merck for HRS-5346
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Jiangsu Hengrui Pharmaceuticals Co., Ltd. (SHA: 600276) announced a license agreement with US-based giant Merck & Co., Inc. (NYSE: MRK). Under the terms, Merck gains exclusive global development, manufacturing, and commercialization rights to Hengrui’s HRS-5346, excluding the Greater China region. Financial TermsMerck will provide an upfront payment of USD 200…
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Sichuan Kelun-Biotech Gains NMPA Approval for SKB107 Bone Metastasis Trial
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China-based Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd (HKG: 6990) has announced receiving approval from the National Medical Products Administration (NMPA) to conduct a clinical study for its drug candidate SKB107, formerly known as TBM-001. The study will focus on advanced solid tumor bone metastasis. Drug Development and MechanismSKB107 is a radionuclide…
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Abbisko Therapeutics Receives NMPA Approval for ACH Drug ABSK061
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Shanghai-based biotech Abbisko Therapeutics Co., Ltd (HKG: 2256) has announced receiving clinical trial approval from the National Medical Products Administration (NMPA) for its FGFR2/3 inhibitor ABSK061. The approval paves the way for a multi-center, non-randomized, open Phase I/II study to evaluate the drug’s safety, tolerability, pharmacokinetics, and efficacy in children…
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Fapon Biotech Partners with Sansure to Develop Next-Generation Diagnostic Solutions
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China-based biotech Fapon Biotech Inc. has formed a strategic partnership with molecular diagnostics specialist Sansure Biotech Inc. (SHA: 688289). The collaboration aims to integrate Fapon’s leading artificial intelligence (AI) molecular enzyme development technology with Sansure’s extensive clinical diagnosis experience to create more accurate and reliable next-generation diagnostic solutions. Partnership DetailsThe…
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AstraZeneca Officially Launches Fasenra for Severe Eosinophilic Asthma in China
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UK-based pharmaceutical giant AstraZeneca Inc. (NASDAQ: AZN) has announced the official market launch of its monoclonal antibody Fasenra (benralizumab) in China. The drug is approved as a maintenance therapy for severe eosinophilic asthma (SEA) in adults and adolescents aged 12 and above. Clinical Trial and ApprovalFasenra received marketing approval in…
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United Laboratories Inks Global Licensing Deal with Novo Nordisk for Obesity Drug
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Hong Kong-based United Laboratories International Holdings Ltd (HKG: 3933) has entered into a licensing agreement with Denmark’s Novo Nordisk A/S (NYSE: NVO). The deal grants Novo Nordisk global development, manufacturing, and commercialization rights to United Laboratories’ UBT251, excluding China mainland, Hong Kong, Macau, and Taiwan, where United Laboratories retains the…
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Fapon Biotech Partners with Tencent Healthcare to Boost IVD and Medical Device Fields
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China-based biotech Fapon Biotech Inc. has formed a strategic partnership with Tencent Healthcare, the healthcare arm of internet giant Tencent. This collaboration aims to leverage their respective resources and technical strengths in the fields of in vitro diagnosis (IVD), medical devices, and big health to drive brand building, technology cooperation,…
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Joint Biosciences’ OVV-01 Receives FDA Fast Track Designation for Soft Tissue Sarcoma Trial
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Shanghai-based Joint Biosciences Ltd., a developer of tumor combined immunotherapies, has announced receiving fast track designation from the US Food and Drug Administration (FDA) for its Phase II study of OVV-01. This recombinant vesicular stomatitis virus (VSV) carrying the NY-ESO-1 tumor-associated antigen is being investigated for the treatment of advanced…
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Sino Biopharmaceutical’s Culmerciclib Shows Positive Results in Phase III Breast Cancer Trial
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China-based Sino Biopharmaceutical Ltd (HKG: 1177) has revealed positive results from the Phase III TQB3616-III-02 study for its Category 1 drug culmerciclib (TQB3616) combined with fulvestrant. The trial focused on naïve patients with hormone receptor (HR) positive, human epidermal growth factor receptor 2 (HER2) negative, locally advanced or metastatic breast…
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Humanwell Healthcare Receives NMPA Approval for Caplyta Generic in Schizophrenia Trial
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China-based Humanwell Healthcare (Group) Co., Ltd (SHA: 600079) has announced receiving clinical trial approval from the National Medical Products Administration (NMPA) for its generic version of US-based Intra-Cellular Therapies’ Caplyta (lumateperone). This Category 3 chemical drug, with no similar product approved in China, is set for evaluation in schizophrenia treatment.…
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Clover Biopharmaceuticals Receives Termination Notice from GAVI for COVID-19 Vaccine Agreement
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China-based Clover Biopharmaceuticals Ltd., (HKG: 2197) announced receiving a one-month prior written notice dated March 21, 2025, from the Global Alliance for Vaccines and Immunisation (GAVI). The notice asserts a unilateral termination of the Advance Purchase Agreement entered into between the two parties in 2021 relating to Clover Bio’s COVID-19…
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Simcere Pharmaceutical Group Reports Steady Revenue Amid R&D Investment Shift
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China-based Simcere Pharmaceutical Group (HKG: 2096) has released its 2024 financial performance report, recording RMB 6.6 billion (USD 914 million) in revenues over the 12 months, marking a 0.4% year-on-year (YOY) increase. The profit attributable to equity shareholders rose by 2.6% YOY to RMB 733 million (USD 101 million). Notably,…
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Henlius Biotech Reports 6.1% Revenue Growth with Strong Oncology Product Sales
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Shanghai Henlius Biotech Inc. (HKG: 2696) has published its 2024 financial results, recording revenues of RMB 5.72 billion (USD 788 million), representing a 6.1% year-on-year (YOY) increase. Net profits reached RMB 820.5 million (USD 114 million), up 50.3% YOY, reflecting strong performance across its product portfolio. Core Product PerformanceHenlius Biotech…
