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MoleculeMind Raises Over RMB 100 Million for AI Protein Design Platform
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MoleculeMind, an artificial intelligence (AI)-empowered protein design platform based in Beijing, has reportedly raised over RMB 100 million (USD 14.58 million) in its latest financing round. The round was led by Cathay Biotech Inc. (SHA: 688065), a synthetic biology firm based in Shanghai, with contributions from Lenovo Capital and Sequoia…
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Wuhan Binhui’s Oncolytic Virus Therapy Awarded Breakthrough Designation by CDE
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The Center for Drug Evaluation (CDE) website indicates that China-based Wuhan Binhui Biotechnology Co., Ltd’s GM-CSF oncolytic herpes simplex virus type II (OH2) for injection (Vero cells) has been awarded breakthrough therapy designation (BTD) status. This designation is for the treatment of patients with unresectable or metastatic melanoma who have…
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CDE Awards Priority Review to Eisai’s Lecanemab for Early Alzheimer’s Disease
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The Center for Drug Evaluation (CDE) website indicates that Japan-based Eisai’s (TYO: 4523) lecanemab has been awarded priority review status. The drug falls under the category of “clinically urgent shortage drugs and innovative and modified drugs for the prevention and treatment of major infectious diseases and rare diseases.” This designation…
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Chunlizhengda to Acquire Majority Stake in Surgimaster for Medical Power Tools
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Beijing Chunlizhengda Medical Instruments Co., Ltd (HKG: 1858, SHA: 688236) is poised to acquire a 60.25% stake in Surgimaster Surgical Co., Ltd, a medical power tool products provider based in Suzhou. The transaction, valued at RMB 11 million (USD 1.6 million), is accompanied by an additional RMB 6.5 million (USD…
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Duoning Biotech Secures Global Rights to Junzhen’s Cell Counter Products
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China’s Shanghai Duoning Biotechnology Co., Ltd has entered into a licensing deal with compatriot firm BioAces (Shanghai) Life Science Co., Ltd., obtaining exclusive global rights to the latter’s cell counter products. The products in question include the CytScope PRO and CytScope MINI intelligent cell analyzers, both of which are already…
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Sansure Biotech Partners with Hunan Normal University for Research and Talent Development
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China-based molecular diagnostics specialist Sansure Biotech Inc. (SHA: 688289) has announced a strategic partnership with Hunan Normal University. The collaboration aims to leverage the respective strengths of both entities to delve deeper into talent cultivation, scientific research, and platform co-construction, among other areas. No financial details of the partnership were…
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Amcor Acquires Shanghai-Based MDK to Expand Asia-Pacific Footprint
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Switzerland-based packaging firm Amcor (NYSE: AMCR) has unveiled the signing of a deal to acquire Shanghai-based medical device packaging company MDK. The acquisition gives Amcor control of a company with approximately USD 50 million in annual revenues and adds a manufacturing site to strengthen its presence in the Asia-Pacific region.…
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CSPC’s NBL-020 Gets NMPA Approval for Clinical Study in Advanced Solid Tumors
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China-based CSPC Pharmaceutical Group Ltd (HKG: 1093) has announced receiving the go-ahead from the National Medical Products Administration (NMPA) to initiate a clinical study for the antibody drug NBL-020. This marks a significant step forward in the development of new treatments for advanced solid tumors. NBL-020: Anti-Tumor Necrosis Factor Type…
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Kelun Pharma’s Generic Jardiance Gains New Indication in China
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China-based Sichuan Kelun Pharmaceutical Co., Ltd (SHE: 002422) has obtained another indication approval in China for its generic version of BI/Eli Lilly’s Jardiance (empagliflozin). The hypoglycemic agent can now be used to reduce the risk of hospitalization due to heart failure in adult patients with symptomatic chronic heart failure. Jardiance:…
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Topgen Biopharm Partners with Fudan University for Breast Cancer Gene Detection
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Zhejiang-based tumor precision medicine specialist Topgen Biopharm Co., Ltd has entered into a strategic partnership with Fudan University Shanghai Cancer Center. The RMB 31 million (USD 4.5 million) deal will see the two Chinese entities collaborate on the translation of “breast cancer multi-gene detection” technology, marking a significant step forward…
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By-Health Partners with Meituan’s Drug Purchase APP for New Retail Expansion
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China-based By-Health Co., Ltd. (SHE: 300146) has entered into a strategic partnership with Meituan’s drug purchase APP, a leading delivery platform in China. The collaboration aims to leverage the respective strengths of both companies to delve deeper into the new retail sector, focusing on innovation and digital transformation. Expanding Product…
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Kangtai Biological Partners with Pakistani Firm for Pneumonia Vaccine Expansion
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China-based Shenzhen Kangtai Biological Products Co., Ltd (SHE: 300601) has announced a strategic partnership with a local company in Pakistan. The collaboration aims to work together on the regulatory filing, distribution, and licensing of Kangtai’s 13-valent and 23-valent pneumonia vaccines in the Pakistani market. Pakistan’s Vaccination Plan and Market OpportunityPakistan,…
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Shanghai-Based REMD Raises Series A+ Funding for Electroporation Device Expansion
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Shanghai-based REMD, a leading manufacturer of irreversible electroporation devices, has reportedly raised over RMB 100 million (USD 14.54 million) in a Series A+ financing round. The round was led by Silicon Paradise Asset Management, with additional investments from DT Capital Partners and Qianzhan Investment. The proceeds will be used to…
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NMPA Approves Keverprazan for Duodenal Ulcers and Reflux Esophagitis
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The National Medical Products Administration (NMPA) has granted approval to Jiangsu Carephar Pharmaceutical Co., Ltd’s Category 1 drug, keverprazan, for the treatment of duodenal ulcers and reflux esophagitis in China. This approval marks a significant advancement in the treatment options available for these gastrointestinal conditions. Keverprazan: A New Potassium Competitive…
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Organon Reports Q4 and Full-Year 2022 Financials with Revenue Declines
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US-based Organon Inc. (NYSE: OGN) has released its Q4 and full-year 2022 financial results. Global revenues fell 7% year-on-year (YOY), but were up 1% when excluding foreign exchange effects, reaching USD 1.485 billion in Q4. Over the 12-month period, global revenues dipped 2% (or +4% excluding FX) to USD 6.2…
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WinHealth Pharma Taps Baidu’s ERNIE Bot for Rare Disease Services
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China-based Hong Kong WinHealth Pharma Group Ltd’s Bo’Ao Winhealth Rare Disease Medical Center has accessed Baidu’s ERNIE Bot, the China-based internet giant’s answer to the current global phenomenon ChatGPT. This strategic move will enhance the company’s capabilities in the rare disease sector by leveraging Baidu’s leading intelligent conversation technology. Application…
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Eppendorf to Start Construction on New Shanghai Production Site
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Germany-based life sciences service provider Eppendorf is set to begin work on a new production site in Shanghai, China, according to a report from PharmaBiz.com. This expansion marks a significant strategic move for the company, aiming to strengthen its presence in the Chinese market. New Production Site DetailsEppendorf has signed…
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InnoCare Regains Rights to Orelabrutinib as Biogen Terminates Licensing Agreement
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Beijing InnoCare Pharma Tech Co., (HKG: 9969), a China-based biotech focusing on cancer and autoimmune diseases, has announced receiving a notification from US major Biogen (NASDAQ: BIIB) to terminate the licensing agreement for its Bruton’s tyrosine kinase (BTK) inhibitor orelabrutinib. InnoCare regains all rights, including intellectual property, R&D, manufacturing, and…
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AIM Vaccine Gains Approvals for COVID-19 mRNA Vaccine Trials in Pakistan
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China-based AIM Vaccine Co., Ltd (HKG: 6660) has announced receiving separate approvals in Pakistan to initiate a Phase I clinical study for its mRNA vaccine against COVID-19 variants and a Phase III study for its mRNA vaccine against the COVID-19 prototype as a sequential booster. This marks a significant step…
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Innovent Biologics Initiates Phase III CLEAR Study for Picankibart in Psoriasis
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China-based Innovent Biologics (HKG: 1801) has announced the first subject dosing in the Phase III CLEAR study for its picankibart (IBI112), a recombinant anti-interleukin 23p19 subunit (IL23p19) antibody injection, in moderate-to-severe plaque psoriasis. This marks a significant advancement in the development of innovative treatments for this chronic skin condition. Phase…
