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Everest Medicines CEO Resigns as Trodelvy Sale Completed
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China-based biotech Everest Medicines (HKG: 1952) announced the resignation of CEO Dr. Kerry Blanchard, effective immediately. Blanchard will remain as an advisor for six months, while the company stated a replacement has been selected and will be named within the next month. Leadership TransitionThe company did not specify a reason…
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Shanghai Bao Pharma Raises USD 100M in Series B to Advance Drug Delivery Tech
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Shanghai Bao Pharmaceuticals Co., Ltd has raised over USD 100 million in a Series B financing round led by Oriental Fortune Capital, with contributions from Haitong Innovation Private Fund, Sun Rock Capital, Center Lab, and YuanChuang Capital. The proceeds will fund commercialization of core drug candidates and pivotal clinical studies…
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Lab Direct Raises USD 10M in Series A+ to Expand Digital Supply Chain Platform
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Shanghai-based life science digital supply chain platform Lab Direct has raised USD 10 million in a Series A+ financing round led by Bayland Capital, a joint biomedical fund established by Contract Research Organization (CRO) Pharmaron Beijing Co., Ltd (HKG: 3759, SHE: 300759) and Legend Capital. The round included participation from…
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Health Plus Receives Strategic Investment from Meinian Onehealth to Drive Healthcare Innovation
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Beijing-based Health Plus, a third-party digital managed healthcare service platform, has received strategic investment from Meinian Onehealth Healthcare (Group) Co., Ltd (SHE: 002044), also known as Health-100. The partnership will see both companies collaborate on commercial insurance product innovation, medical network construction, and healthcare service integration. Collaboration DetailsThe two firms…
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Prismlab China Raises USD 29.1M in Series C for 3D Printing Expansion
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Shanghai-based 3D printing solution provider Prismlab China Ltd has raised RMB 200 million (USD 29.1 million) in a Series C financing round led by Qiming Venture Partners, with participation from BASF Venture Capital and Jolmo Investment. The proceeds will fund business expansion, product upgrades, warehouse growth, talent recruitment, and R&D.…
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Junshi Biosciences’ TAB009/JS009 and JS110 Advance in Cancer Trials
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Junshi Biosciences (HKG: 1877, SHA: 688180) has received approval from the National Medical Products Administration (NMPA) to conduct a clinical trial for its injectable monoclonal antibody TAB009/JS009, targeting CD112R, as a monotherapy for advanced solid tumors. The company also plans to initiate a US trial for its XPO1 inhibitor JS110…
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Illumina Opens First China Manufacturing Base for Gene Sequencers
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US-based Illumina (NASDAQ: ILMN) inaugurated its first manufacturing base in China on August 25, marking a strategic expansion in the world’s second-largest biotech market. The Shanghai plant, with a Phase 1 investment of RMB 50 million (USD 7.2 million), aims to localize production of high-end gene sequencers and consumables over…
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Junshi Biosciences Gets NMPA Go-Ahead for TAB009/JS009 Cancer Study
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Junshi Biosciences (HKG: 1877, SHA: 688180) has received approval from the National Medical Products Administration (NMPA) to conduct a clinical trial for its injectable monoclonal antibody TAB009/JS009, targeting CD112R, in advanced solid tumors. The company also plans to initiate a US trial for its XPO1 inhibitor JS110 after gaining FDA…
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Illumina Opens First China Manufacturing Base for Gene Sequencers
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US-based Illumina (NASDAQ: ILMN) inaugurated its first manufacturing base in China on August 25, marking a strategic expansion in the world’s second-largest biotech market. The Shanghai plant, with a Phase 1 investment of RMB 50 million (USD 7.2 million), aims to localize production of high-end gene sequencers and consumables over…
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Novartis to Spin Off Sandoz, Focus on Innovative Drugs
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Swiss drugmaker Novartis announced plans to spin off its generic and biosimilar unit, Sandoz, to sharpen its focus on innovative therapies. The move aims to maximize shareholder value by listing Sandoz on the SIX Swiss Exchange, positioning it as Europe’s largest generic company and a global biosimilars leader. Spin-Off DetailsThe…
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Clover Biopharmaceuticals’ SCB-2019 Vaccine Proves Effective in Teenagers
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China-based Clover Biopharmaceuticals Ltd (HKG: 2197) announced positive results from a global Phase II/III trial of its SCB-2019 (CpG 1018/Alum) COVID-19 vaccine in adolescents aged 12 to 17. The study demonstrated superior immune response in teenagers compared to young adults, reinforcing the vaccine’s efficacy. Study Highlights Global Regulatory StrategyClover Bio…
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CStone Pharmaceuticals’ H1 2022 Revenue Jumps 229% on Drug Sales Growth
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China-based CStone Pharmaceuticals (HKG: 2616) reported RMB 262 million (USD 49.4 million) in revenue for H1 2022, marking a 229% year-on-year (YOY) increase. The growth was fueled by strong sales of in-licensed drugs Ayvakit (avapritinib), Gavreto (pralsetinib), and ivosidenib, as well as royalties from Cejemly (sugemalimab). Drug Performance Commercial StrategyCStone’s…
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Innovent Biologics’ H1 2022 Revenue Rises 15.3% on Drug Sales Growth
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China-based Innovent Biologics, Inc. (HKG: 1801) reported RMB 2.24 billion (USD 326.4 million) in revenue for H1 2022, a 15.3% year-on-year (YOY) increase. Product sales reached RMB 2.04 billion (USD 297.3 million), up 10%, while R&D spending rose 22.5% to RMB 1.07 billion (USD 155.9 million). Net losses widened to…
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Akeso Biopharma’s H1 2022 Revenue Rises 26.8% on Penpulimab Sales
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China-based Akeso Biopharma (HKG: 9926) reported RMB 163 million (USD 23.8 million) in revenue for H1 2022, up 26.8% year-on-year (YOY), with losses amounting to RMB 692 million (USD 23.7 million). The growth was primarily driven by sales of its PD-1 inhibitor penpulimab, which generated RMB 297 million (USD 43.2…
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Alpha Biopharma Completes EVEREST Trial for Zorifertinib in EGFR+ NSCLC with CNS Metastases
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Shanghai-based Alpha Biopharma announced the completion of the last patient visit in the Phase II/III EVEREST study for its next-generation EGFR inhibitor zorifertinib, targeting EGFR mutation-positive non-small cell lung cancer (NSCLC) patients with central nervous system (CNS) metastases. Topline data is expected by the end of 2022. Study DetailsThe multi-regional…
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eTheRNA Raises EUR 39M in Series B2 to Expand mRNA Services and Leadership
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Belgium-based biotech firm eTheRNA has completed a Series B2 financing round, raising EUR 39 million (USD 38.9 million). The round was led by Moderna co-founder Kenneth Chien and Novalis Life Sciences LLC, with participation from existing investors including LSP (EQT Life Sciences), PMV, China’s Grand Pharma, Fund+, and Omega Fund.…
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Sorrento Therapeutics’ Abivertinib Shows Positive Long-Term Data in NSCLC Trial
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Sorrento Therapeutics Inc. (OTCMKTS: SRNE) announced positive long-term results for its third-generation EGFR inhibitor abivertinib in a pivotal trial for advanced non-small cell lung cancer (NSCLC). The study, conducted exclusively in China, enrolled 209 patients with EGFR-mutated lung cancer previously treated with first-generation EGFR inhibitors. Trial Results The data is…
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Porton Biologics and Royaltech Med Partner on Bacterial and mRNA Drug Platforms
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China-based contract development and manufacturing organization (CDMO) Suzhou Porton Biologics Ltd has partnered with Suzhou Royaltech Med Co., Ltd to establish bacterial (Listeria) and mRNA drug platform technologies. The collaboration aims to integrate both firms’ resources and capabilities, though financial terms were not disclosed. Company Profiles Strategic OutlookThe partnership will…
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NMPA Suspends UCB’s Keppra Over Labeling Issues, Prompting Recall
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The National Medical Products Administration (NMPA) has suspended approval for UCB’s Keppra (levetiracetam) concentrated solution after an overseas inspection uncovered inconsistent expiration date labeling. The decision affects batches manufactured and packaged abroad, with UCB initiating a voluntary recall and cooperating to resolve the issue. Company ResponseUCB announced the recall of…
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Biocytogen and Merck KGaA Ink Global Deal for RenMice Platform Licensing
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Sino-US contract research organization (CRO) Biocytogen Pharmaceuticals (Beijing) Co., Ltd has entered into a global licensing agreement with Germany-based Merck KGaA, granting Merck exclusive rights to its RenMice platform. The platform will be used to discover and develop human antibodies against unlimited drug targets, with Merck holding full rights to…
