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Harbour BioMed Receives NMPA Clearance for COPD Treatment HBM9378/SKB378
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China-based biopharmaceutical company Harbour BioMed (HKG: 2142) has announced receiving clinical clearance from China’s National Medical Products Administration (NMPA) for its investigational drug HBM9378/SKB378, also known as WIN378. This fully human antibody targets thymic stromal lymphopoietin (TSLP) and is intended for the treatment of chronic obstructive pulmonary disease (COPD). Drug…
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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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Becton Dickinson Considers Spinning Off Life Sciences Division
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US-based Becton, Dickinson and Co. (BD) is reportedly considering spinning off its life sciences division, which is estimated to be valued at approximately $30 billion, according to sources cited by Reuters. The move is seen as a strategic effort to potentially boost the company’s stock price. Exploring Feasibility and TimingBD…
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Vantive Launches as Standalone Vital Organ Therapy Company Post Carlyle Acquisition
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Vantive, formerly the Baxter Kidney Care segment, has announced its launch as a new standalone vital organ therapy company following the completion of its acquisition by funds managed by global investment firm Carlyle (NASDAQ: CG) from Baxter International Inc. (NYSE: BAX). This marks a significant step in Vantive’s evolution as…
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Nona Biosciences Partners with Invetx for Animal Health Therapies
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Nona Biosciences (HKG: 2142), a wholly-owned subsidiary of HBM Holdings Ltd, has announced a partnership with US-based animal health company Invetx, Inc. Under the agreement, Invetx will utilize Nona’s HCAb Harbour Mice platform to develop next-generation biological therapies for animal health. Financial details of the partnership were not disclosed. Significance…
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AbbVie Reports Strong Q4 and Full-Year 2024 Financials
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US-based pharmaceutical giant AbbVie (NYSE: ABBV) has released its Q4 and full-year 2024 financial results, recording global net revenues of $15.102 billion (+5.6%) and $56.334 billion (+3.7%) respectively. Within these figures, the US market contributed $11.734 billion (+5.6%) and $43.029 billion (+2.7%) in net revenues during the fourth quarter and…
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IASO Bio’s CAR-T Therapy Fucaso Accepted for Review in Singapore
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China-based IASO Biotherapeutics has announced that a New Drug Application (NDA) for its BCMA-targeted chimeric antigen receptor (CAR) T cell therapy Fucaso (equecabtagene autoleucel) has been accepted for review by the Health Sciences Authority (HSA) of Singapore. The therapy is intended for the treatment of relapsed/refractory multiple myeloma (R/R MM)…
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Novartis Reports 12% YOY Growth in Full-Year Net Sales
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Swiss pharmaceutical major Novartis (NYSE: NVS) has released its Q4 and full-year 2024 financial report, showing a 12% year-on-year (YOY) expansion in constant currency terms. The company achieved net sales of $50.317 billion, with core operating profit up 22% to $19.494 billion. During the fourth quarter, net sales increased by…
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Takeda Reports 4.5% Revenue Growth in First Nine Months of Fiscal Year
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Japan-headquartered Takeda (NYSE: TAK, TYO: 4502) has released its financial results for the 9-month period ended December 31, 2024. The company reported revenues of JPY 3.53 trillion ($22.4 billion), representing a 4.5% growth at constant exchange rates (CER). Sales jumped 14.6% year-on-year (YOY) due to the growth period and continuous…
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Daiichi Sankyo Reports 16.6% Revenue Growth in First Three Quarters of FY2024
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Japan-based Daiichi Sankyo (TYO: 4568) has reported revenues of JPY 1.37 trillion ($8.927 billion) for the first three quarters of the fiscal year 2024 (April 1, 2024, to March 31, 2025), representing a 16.6% year-on-year (YOY) growth. Core operating revenue stood at JPY 248.311 billion ($1.621 billion), up 27.6% YOY.…
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Pfizer Reports 7% Revenue Growth in 2024, Expects Steady Performance in 2025
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US major Pfizer Inc. (NYSE: PFE) has released its financial results for the fourth quarter and full year of 2024. The company recorded revenues of $63.627 billion for the full year, up 7% year-on-year (YOY) in constant currency terms. Excluding COVID-19 products Paxlovid and Comirnaty, revenues grew by 12%. During…
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China’s MoC Lists US Firms PVH and Illumina as Unreliable Entities
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China’s Ministry of Commerce (MoC) has released a list of unreliable entities, including US firms Philips-Van-Heusen (PVH) and Illumina, Inc. (NASDAQ: ILMN). These companies were cited for violating normal market trading principles, interrupting normal transactions with Chinese enterprises, taking discriminatory measures against Chinese firms, and seriously damaging the legitimate rights…
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Roche Reports 7% Growth in Full-Year Sales, Strength in Pharmaceuticals
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Swiss pharmaceutical giant Roche (SWX: ROG) released its Q4 and full-year 2024 financials, reporting a strong year with 7% year-on-year (YOY) growth across the group at constant exchange rates. Total sales reached CHF 60.495 billion ($66.34 billion), while overall group revenues were CHF 62.395 billion ($68.42 billion), also up 7%.…
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Sanofi Reports Strong Q4 Growth, Plans EUR 5 Billion Share Buyback
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French pharmaceutical giant Sanofi (NASDAQ: SNY) reported a strong fourth-quarter performance with 10.3% year-on-year (YOY) growth in net sales in constant currency terms, reaching EUR 10.564 billion ($11 billion). The growth was driven by a 56.5% increase in new pharma launches, a 16% rise in sales of Dupixent (dupilumab), and…
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Xtalpi Partners with JW Pharmaceutical to Enhance Drug Discovery with AI
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Shenzhen-based QuantumPharm Inc. (HKG: 2228), better known as Xtalpi Inc., a global leader in AI-powered drug discovery, has announced a multi-million RMB strategic partnership with South Korea’s leading pharmaceutical company, JW Pharmaceutical (KRX: 001060). The collaboration aims to integrate AI and automation into drug discovery, enhancing JW Pharmaceutical’s development efficiency,…
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DeepSeek’s AI: Transforming Drug Development and Healthcare in China
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DeepSeek, a Chinese artificial intelligence company, is poised to make a significant impact on the pharmaceutical industry through its advanced natural language processing (NLP) and large language model (LLM) technologies. The potential applications span multiple dimensions, including data-driven research, clinical decision-making, and resource management. This analysis explores the potential impacts…
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MediLink Therapeutics’ YL217 Receives FDA IND Clearance for Novel ADC Targeting Gastrointestinal Cancers
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MediLink Therapeutics, a clinical-stage biotech company, announced today that its internally developed antibody-drug conjugate (ADC), YL217, has received Investigational New Drug (IND) clearance from the U.S. Food and Drug Administration (FDA). YL217 is the 11th ADC candidate to enter clinical development based on MediLink’s proprietary TMALIN® platform. YL217: A Novel…
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AbbVie’s 2024 Revenue Grows Despite Humira Decline, Skyrizi and Rinvoq Surge
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US-based pharmaceutical giant AbbVie (NYSE: ABBV) reported its 2024 financial results on January 31, with total revenue reaching $56.33 billion, a 3.7% increase from the previous year. The company’s R&D investment surged 66.7% to $12.79 billion, reflecting a strategic focus on innovation and new product development. Business Segment PerformanceIn 2024,…
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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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Roche Reports 7% Revenue Growth in 2024, Driven by Oncology and Ophthalmology
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Roche (SWX: ROG) released its 2024 annual financial report on January 30, showing a 7% year-on-year increase in revenue to CHF 60.495 billion (USD 68.892 billion), calculated based on the average exchange rate of 2024 (1 CHF = USD 1.1388). The company’s R&D expenditure reached CHF 13.042 billion (USD 14.852…
