-
Roche Boosts China Investment with Additional RMB 250 Million
•
Swiss pharmaceutical giant Roche (SWX: ROG) has pledged to invest an additional RMB 250 million (USD 35.1 million) in China, underscoring its commitment to the market despite challenges posed by the COVID-19 pandemic. The announcement was made during the 34th International Business Leaders’ Advisory Council for the Mayor of Shanghai.…
-
Boston Scientific Launches Disposable RF Electrode for Chronic Pain in China
•
Boston Scientific Corporation (NYSE: BSX), a US-based medical device company, has announced the official market launch of its disposable injectable radiofrequency (RF) electrode, the Unified Electrode, in China. The product is designed for the treatment of chronic pain and peripheral neuropathy-related diseases. Market Need and InnovationStatistics indicate that China has…
-
Rundo Med-Tech Partners with Baidu to Advance Digital Clinical Trials
•
Shanghai-based Contract Research Organization (CRO) Rundo Pharmaceutical R&D (Shanghai) Co., Ltd (Rundo Med-Tech) has entered into a partnership with China Internet giant Baidu to accelerate the development of digitalized smart clinical studies. The collaboration aims to leverage advanced technology to enhance the efficiency and quality of clinical research. Financial details…
-
China’s NMPA Releases 60th Batch of Reference Drugs for Generic Quality Evaluation
•
The National Medical Products Administration (NMPA) has released the 60th batch of reference drugs for generic quality consistency evaluation (GQCE) work. This batch includes 75 specifications, with 18 specifications undergoing modifications due to increases in marketing authorization holders (MAH) or changes to unlimited trade names. Details of the ReleaseThe release…
-
China Medical System Licenses Botulinum Toxin from South Korea’s BMI Korea
•
China Medical System Holdings (CMS; HKG: 0867) has announced the establishment of a licensing agreement with South Korea-based BMI Korea Co., Ltd. The agreement grants CMS exclusive development, regulatory filing, importing, and commercialization rights to BMI’s injectable botulinum toxin type A 100U freeze-dried powder in mainland China, Hong Kong, and…
-
Junshi Biosciences Launches PD-1 Inhibitor Tuoyi for Advanced NSCLC in China
•
Junshi Biosciences (HKG: 1877, SHA: 688180), a China-based biopharmaceutical company, has held a national market launch meeting for its programmed death-1 (PD-1) inhibitor, Tuoyi (toripalimab), as a first-line treatment for advanced non-squamous non-small cell lung cancer (NSCLC) in China. The drug received its sixth indication approval last month for treating…
-
Betta Pharmaceuticals Raises $140.5M for Drug Industrialization Base in Zhejiang
•
China’s Betta Pharmaceuticals Co., Ltd. (SHE: 300558) plans to raise RMB 1 billion ($140.5 million) through a private placement of 25,967,281 shares at RMB 38.51 ($5.41) per share. The shares will be issued to Ding Lieming, the company’s legal controller. The proceeds will be used to construct a novel drug…
-
China’s Volume-Based Procurement Cuts High-Value Medical Consumables Costs by 84%
•
The national high-value medical consumables alliance procurement office has released the results of the third round of volume-based procurement (VBP) for high-value medical consumables. A total of 152 manufacturers won the bids, with an average price cut of 84%. This will save approximately RMB 26 billion ($3.65 billion) in medical…
