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Luye Pharma Launches Toludesvenlafaxine in China for Depression Treatment
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China-based Luye Pharma Group (HKG: 2186) has officially launched its Category 1 chemical drug toludesvenlafaxine (LY03005) in China. The extended-release treatment for depression has received its first prescriptions and is being launched through a multi-channel strategy that includes hospitals, pharmacies, and online platforms. Drug Profile and MechanismToludesvenlafaxine is a new…
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Hong Kong Researchers Identify New Target for Epilepsy Treatment
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Researchers at the University of Hong Kong have published the results of a study that identifies a potential new therapeutic target for epilepsy treatment. The research builds on recent findings regarding the role of neuroinflammation caused by abnormal reactive glial cells, including astrocytes and microglia, in temporal lobe epilepsy (TLE).…
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Hope Medicine Gains Global Approval for Phase II Trial of HMI-115
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China-based Hope Medicine Inc. has announced receiving approval to conduct a global multi-center Phase II clinical study for its monoclonal antibody (mAb) HMI-115, targeting the prolactin receptor (PRL R). The drug is being evaluated as a treatment for endometriosis, a condition that affects many women worldwide. This potential first-in-class (FIC)…
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Full-Life Technologies Acquires Focus-X Therapeutics to Expand Pipeline
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Shanghai-headquartered Full-Life Technologies Ltd has announced the acquisition of New Jersey-based Focus-X Therapeutics. The move is expected to significantly expand Full-Life’s pipeline, including two compounds nearing clinical trials, provide a second innovative peptide-focused discovery platform, and leverage its Radio Technology manufacturing and logistics platforms to advance compounds into clinical development.…
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NMPA Launches Electronic Certificates for API and Pharmaceutical Product Exports
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The National Medical Products Administration (NMPA) has released a notification regarding the initiation of two electronic certificates: the “Certificate for Exporting APIs to the EU” and the “Exporting Certificate of a Pharmaceutical Product.” These certificates aim to streamline the export process and enhance regulatory compliance. Details of the Certificates
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I-Mab Partners with Wuxi Diagnostics to Advance Biomarker-Driven Clinical Studies
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China-based I-Mab (NASDAQ: IMAB) has announced a strategic partnership with compatriot firm Wuxi Diagnostics to accelerate biomarker-driven clinical studies and explore the cutting edge of companion diagnostics (CDx) development. Financial details of the partnership were not disclosed. Clinical and Development ContextWith the deepening of research on tumor pathogenesis, immunotherapy, particularly…
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Trinomab Biotech Raises RMB 750 Million in Pre-IPO Financing Round
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China-based Trinomab Biotech Co., Ltd reportedly raised RMB 750 million (USD 104.5 million) in a pre-IPO financing round. The funding was led by Gree Financial Investment and KingRay Capital, with additional participation from Efung Capital, China Medical System Holdings (CMS; HKG: 0867), Wuxi Guolian Development (Group), and other investors. Technology…
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Alibaba Health Reports 22.9% Revenue Growth in H1 2022
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China-based Alibaba Health Information Technology Ltd (HKG: 0241) has released its financial report for the first half of 2022 (ended September 30, 2022), recording total revenues of RMB 11.5 billion (USD 1.6 billion), representing a 22.9% year-on-year (YOY) increase. Business PerformanceAliHealth’s self-operated pharmaceutical direct sales business generated RMB 10.01 billion…
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3D Medicines Set for IPO in Hong Kong, Aiming to Raise Up to USD 55 Million
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China-based 3D Medicines Inc. (HKG: 1244) is set to make an initial public offering (IPO) of 16.35 million shares on the Hong Kong Stock Exchange. The share price is expected to range from HKD 22.96 to 26.24 (USD 2.94 to USD 3.36) per share, with a maximum gross take-home of…
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China’s Medical Product Trade Surplus Declines Amid COVID-19 Impact
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The China Chamber of Commerce for Import and Export of Medicines and Health Products (CCCMHPIE) has released its summary of China’s trading situation in the health sphere during the first three quarters of 2022. According to Chinese government customs statistics, China recorded a medical product trade surplus in the period,…
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Nuance Pharma Partners with DKSH to Launch Bentrio Nasal Spray in Hong Kong and Macau
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China-based Nuance Pharma has announced a partnership with DKSH Hong Kong Business Unit Healthcare to launch Bentrio nasal spray in Hong Kong and Macau. Under the agreement, DKSH HK will provide full-agency services, including key account management, marketing promotions, supply chain, and distribution for Bentrio Nasal Spray sales operations in…
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Biocytogen and ADC Therapeutics Enter Evaluation and Option Agreement
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China-based Biocytogen Pharmaceuticals (Beijing) Co., Ltd has announced an evaluation and option agreement with Swiss firm ADC Therapeutics SA. Under the agreement, Biocytogen will grant ADC Therapeutics a license to evaluate its proprietary antibodies against three tumor targets. ADC Therapeutics will have the option to license selected antibodies at a…
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Lyvgen Biopharma Initiates Phase II Study for LVGN7409 in Advanced NSCLC
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Shanghai-based immuno-oncology therapeutics specialist Lyvgen Biopharma has announced the initiation of an open-label, multi-center, randomized Phase II clinical study to assess the efficacy and safety of its LVGN7409 in combination with docetaxel or nivolumab for the treatment of advanced/metastatic non-small cell lung cancer (NSCLC). The combination study is set to…
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ZSHK Laboratories Raises RMB 100 Million in Series B Financing Round
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China-based pre-clinical Contract Research Organization (CRO) ZSHK Laboratories Limited has reportedly raised close to RMB 100 million (USD 13.89 million) in a Series B financing round. The round was led by a fund jointly initiated by AstraZeneca and CICC Capital, with participation from existing investor Ascendum Capital. The proceeds will…
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Ascentage Pharma Receives Drug Production License for Suzhou Plant
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Suzhou-based Ascentage Pharma (HKG: 6855) has announced receiving a Drug Production License (A license) following the successful on-site inspection of its global industrial plant. This marks the first such license granted in Suzhou this year, highlighting the company’s significant progress in expanding its manufacturing capabilities. Plant Profile and CapabilitiesThe GMP-…
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Everest Medicines’ Nefecon Gains Accelerated Approval in Taiwan and South Korea
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China-based Everest Medicines (HKG: 1952) has announced receiving Accelerated Approval Designation (AAD) from the Taiwan Food and Drug Administration and Orphan Drug Designation (ODD) from the Ministry of Food and Drug Safety in South Korea for its lead product Nefecon (targeted-release budesonide). These designations are for the treatment of primary…
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Taizhou-Wuxi-Lianyungang Biomedicine Hub Launched at China Medical Expo
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The 13th China (Taizhou) International Medical Expo witnessed the launch of the Taizhou-Wuxi-Lianyungang national biomedicine hub. This initiative aims to integrate the strengths of three key cities in China’s biomedicine industry, leveraging their unique advantages to drive further growth and innovation. Cities’ Profiles Hub’s PerformanceThe Taizhou-Wuxi-Lianyungang hub can boast over…
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Huadong Medicine Partners with Dongyang Med for Equity Collaboration
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China-based Huadong Medicine Co., Ltd (SHE: 000963) has announced an equity collaboration deal with Zhejiang Dongyang Medical Materials Co., Ltd. The partnership aims to strengthen the supply of drugs and medical devices in the city of Dongyang. Financial details of the transaction were not disclosed. Transaction DetailsFollowing the deal, Dongyang…
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Jiangsu Hengrui Gets NMPA Approval for HR20031 Clinical Study in Type 2 Diabetes
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China-based Jiangsu Hengrui Pharmaceuticals (SHA: 600276) has announced receiving approval from the National Medical Products Administration (NMPA) to conduct a clinical study for its HR20031 in patients with type 2 diabetes. This marks a significant step forward in the development of a novel treatment option for patients with poorly controlled…
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Fosun Pharma’s Henlius Completes Clinical Trial Filing for HLX301 in Australia
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China-based Shanghai Fosun Pharmaceutical (Group) Co., Ltd (SHA: 600196, HKG: 2196) announced that its subsidiary, Shanghai Henlius Biotech (HKG: 2696), has completed a clinical trial filing for HLX301 in Australia. Henlius will conduct a Phase I clinical study in the country for the bispecific antibody (BsAb) targeting programmed-death-ligand 1 (PD-L1)…
