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China Pharma H1 2022 Financials: 40% of Firms Report Revenue and Profit Growth
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A total of 449 pharmaceutical and health-tech companies listed in China have released their H1 2022 financial reports, with over 40% reporting growth in both revenues and net profits. Among these, 14 companies recorded net profits exceeding RMB 2 billion (USD 287 million). Andon Health led the pack with RMB…
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Suzhou InnoBM Pharmaceuticals Raises Series A+ Funding for Tumor Immunotherapy
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China-based Suzhou InnoBM Pharmaceuticals reportedly raised tens of millions of renminbi in a Series A+ financing round led by Yuanbio Venture Capital. The proceeds will be used to advance clinical studies for tumor immunotherapies and develop pipeline candidates based on its unique biomaterial technology platform. Company BackgroundFounded in 2019, InnoBM…
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Laekna Therapeutics Doses First Patient in LAE001/LAE002 Study for Prostate Cancer
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China-based Laekna Therapeutics Shanghai Co., Ltd announced that the first patient has been dosed in the Phase I/II LAE201INT2101 study evaluating the combination of LAE001 and LAE002 (afuresertib) in South Korea. The multi-regional clinical trial (MRCT) now spans China, the United States, and South Korea. Study DetailsLAE201INT2101 is a multi-center,…
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NHSA Reveals Drugs Passing Initial Review for NRDL Inclusion
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The National Healthcare Security Administration (NHSA) released a notification listing the drugs that have passed the preliminary formal review for consideration in this year’s adjustment to the National Reimbursement Drug List (NRDL). The public feedback period is open from September 6 to 12. Review ResultsThe NHSA received a total of…
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Innovent’s Tyvyt Combo Shows PFS Benefit in EGFR-Mutant NSCLC
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China-based Innovent Biologics Inc. (HKG: 1801) announced positive results from the Phase III ORIENT-31 study evaluating the combination of its PD-1 inhibitor Tyvyt (sintilimab) and Byvasda (bevacizumab biosimilar) in patients with EGFR-mutated non-squamous non-small cell lung cancer (nsqNSCLC) who have progressed after EGFR tyrosine kinase inhibitor (TKI) treatment. The study…
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Huadong Medicine Pays EUR 105M for 35% Stake in Heidelberg Pharma
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China’s Huadong Medicine Co., Ltd (SHE: 000963) announced that it has paid a total of EUR 105 million (USD 105 million) to Germany-based Heidelberg Pharma AG (FSE: HPHA) in three installments, as per the agreement signed in February this year. Stake and Board RepresentationAs of the deal’s closure, Huadong holds…
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CStone Pharmaceuticals Partners with Rigen Biotech on Thyroid Cancer RET Gene Testing
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China-based CStone Pharmaceuticals (HKG: 2616) has entered into a partnership with Shanghai Rigen Biotech to collaborate on thyroid cancer RET gene testing business. Under the agreement, the two companies will jointly conduct thyroid cancer precision diagnosis and treatment academic activities, collaborate on thyroid cancer RET gene detection projects, and assist…
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Biocytogen and FineImmune Partner on Innovative Cell Therapy Drug Development
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China-based Contract Research Organization (CRO) Biocytogen (Beijing) Co., Ltd has entered into a collaboration with compatriot firm FineImmune. Biocytogen will utilize its self-developed TCR-like antibody technology platform to screen fully human antibody sequences against specific targets and jointly develop innovative cell therapy drugs targeting intracellular tumor-related antigens, combining FineImmune’s unique…
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CMS’s Rxilient Medical Licenses Insulin Products from Hefei Tianmai Biotech
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China Medical System Holdings (CMS; HKG: 0867) announced that its subsidiary Rxilient Medical Pte. Ltd has entered into a licensing, collaboration, and supply agreement with Hefei Tianmai Biotechnology Co. Ltd regarding its second-generation insulin and third-generation insulin analogue insulin glargine. Under the agreement, CMS will hold exclusive licensing rights to…
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Kelun Pharmaceutical Receives USD 35 Million from Merck Sharp & Dohme Corp.
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China-based Sichuan Kelun Pharmaceutical Co., Ltd (SHE: 002422) announced that it has received a USD 35 million payment from US-based Merck Sharp & Dohme Corp. (MSD), in accordance with the licensing agreement signed in July this year. Under the agreement, MSD has obtained global development, manufacturing, and commercial rights to…
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Hainan Yuekang’s YK-029A Biosimilar Set for BTD in EGFR ex20ins NSCLC
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The Center for Drug Evaluation (CDE) website indicates that China-based Hainan Yuekang Biological Medicine Co., Ltd’s YK-029A, a biosimilar of Tagrisso (osimertinib), is set to gain Breakthrough Therapy Designation (BTD) status for use in advanced non-small cell lung cancer (NSCLC) with EGFR exon 20 insertion mutations (EGFR ex20ins). YK-029A, an…
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Walvax Biotech Enrolls First Subject in Phase III HPV Vaccine Study
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China’s Walvax Biotechnology Co., Ltd (SHE: 300142) announced the first subject enrollment for a Phase III clinical study assessing the immunogenicity of its in-house developed nine-valent human papillomavirus (HPV) vaccine compared with Merck Sharp & Dohme’s (MSD) Gardasil 9. The vaccine is designed for the prevention of cervical cancer, vulvar…
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Sinocelltech’s Ripertamab Officially Launched in China for DLBCL Treatment
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China-based Sinocelltech Group Ltd (SHA: 688520) announced the first deliveries and prescriptions of its ripertamab (SCT400), marking the official national launch of the drug in China. The innovative CD20 monoclonal antibody (mAb) is described as similar in efficacy and safety to rituximab and was approved on August 31 for treating…
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Innovent’s Tyvyt Shows PFS Benefit in EGFR-Mutant NSCLC at ESMO
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China-based Innovent Biologics, Inc. (HKG: 1801) presented results of the ORIENT-31 study for its PD-1 inhibitor Tyvyt (sintilimab) at the 2022 European Society for Medical Oncology (ESMO) annual meeting. The study evaluated Tyvyt, with or without Bevagen (bevacizumab), a biosimilar version of Avastin, in combination with chemotherapy for EGFR-mutant non-squamous…
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Luye Pharma’s CD25 Monoclonal Antibody BA1106 Gains NMPA Approval for Clinical Trials
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China-based Luye Pharma Group (HKG: 2186) announced that its subsidiary Shandong BoAn Biotechnology Co., Ltd’s in-house developed CD25 monoclonal antibody (mAb) BA1106 has received clinical trial approval from the National Medical Products Administration (NMPA). This makes BA1106 the first CD25-targeted drug to enter clinical trials in China for the treatment…
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Fosun Pharma Inks Licensing Deal with Neovii for GvHD Therapy Grafalon
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China-based Shanghai Fosun Pharmaceutical (Group) Co., Ltd (SHA: 600196, HKG: 2196) signed an exclusive licensing agreement with Swiss firm Neovii Pharmaceuticals AG, focusing on Neovii’s graft versus host disease (GvHD) therapy Grafalon (rabbit anti-human T-lymphocyte globulin, ATLG). Under the deal, Fosun gains development and commercialization rights to Grafalon in Greater…
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Fudan-Zhangjiang’s JAK1 Inhibitor FZJ-003 Gel Enters Phase I Trial for Atopic Dermatitis
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China-based Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd (HKG: 1349, SHA: 688505) announced that a Phase I clinical trial filing for its topical JAK1 selective inhibitor FZJ-003 gel (specification: 1%, 2%) in atopic dermatitis (AD) has been accepted for review. Global JAK Inhibitor MarketGlobally, nine JAK inhibitors are currently marketed, including Sanofi/Incyte’s…
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HutchMed’s Elunate Shows Survival Benefit in Global CRC Study at ESMO
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China-based Hutchison China Meditech (HutchMed; NASDAQ: HCM, HKG: 0013) announced the results of the pivotal global Phase III FRESCO-2 study for its VEGFR 1/2/3 inhibitor Elunate (fruquintinib) in advanced refractory metastatic colorectal cancer (CRC) at the European Society for Medical Oncology (ESMO) 2022 annual meeting. Study Design and ResultsThe multi-center…
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Jacobio’s KRAS G12C Inhibitor JAB-21822 Advances to Pivotal Phase II in NSCLC
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China’s Jacobio Pharmaceuticals Group Co., Ltd (HKG: 1167) has received approval from the National Medical Products Administration (NMPA) to launch a pivotal Phase II trial of its KRAS G12C inhibitor, JAB-21822, for advanced or metastatic non-small cell lung cancer (NSCLC) with the KRAS G12C mutation. The company plans to file…
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Lianren Digital Health Partners with Ningbo Government on Health Data Ecosystem
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Shanghai-based Lianren Digital Health has forged a strategic partnership with the People’s Government of Ningbo Municipality, announced at the World Digital Economy Conference 2022. The collaboration aims to enhance Ningbo’s healthcare digital infrastructure and data utilization, with no financial terms disclosed.Partnership Goals The alliance will focus on three pillars:Upgrading health…
