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Zai Lab Reports Strong Revenue Growth in 2022 Interim Results
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Chinese biopharmaceutical firm Zai Lab Ltd (NASDAQ: ZLAB, HKG: 9688) has released its 2022 interim report, indicating significant year-on-year (YOY) revenue growth. The company reported revenues of $94.9 million, up 66.37% YOY, driven by strong product sales, which increased 64.22% YOY to $93.67 million. Product Sales PerformanceThe main drivers of…
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Alphamab Oncology’s KN019 Achieves Primary Endpoint in Phase II RA Study
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Suzhou-based biotech Alphamab Oncology (HKG: 9966) has announced that its China-based Phase II KN019-201 study, assessing the safety and efficacy of its cytotoxic T-lymphocyte-associated protein 4 (CTLA-4) immunosuppressive fusion protein KN019 in active rheumatoid arthritis (RA) patients with inadequate response to methotrexate (MTX), has reached its primary endpoint. Study Design…
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WuXi Biologics Partners with neoX Biotech to Advance AI-Driven Drug Development
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China-based Contract Research, Development, and Manufacturing Organization (CRDMO) WuXi Biologics (HKG: 2269) has entered into a long-term partnership with compatriot firm neoX Biotech, an artificial intelligence (AI) empowered company. The collaboration will focus on the process development and large-scale manufacturing of neoX’s in-house developed macromolecule drugs. Financial details of the…
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Luye Pharma’s Shandong Boan Partners with Shanghai Pharmaceutical for Biologics Manufacturing
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China-based Luye Pharma Group (HKG: 2186) has announced that its controlling subsidiary, Shandong Boan Biotechnology Co., Ltd, has entered into a partnership with compatriot firm Shanghai Pharmaceutical Group (Benxi) North Pharmaceutical Co., Ltd. The collaboration will focus on the manufacturing of biologic drugs. Financial details of the partnership were not…
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Staidson’s STSP-0601 Receives Clinical Trial Approval for Hemophilia Treatment
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Staidson (Beijing) Pharmaceutical Co., Ltd (SHE: 300204), a China-based pharmaceutical company, has announced that it has received another clinical trial approval from the National Medical Products Administration (NMPA) for its Category 1 biologic, STSP-0601. The approval is for the on-demand treatment of bleeding in patients with hemophilia A or B…
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Henlius Biotech Gets FDA Nod for HLX07 Clinical Study in CSCC
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Shanghai Henlius Biotech (HKG: 2696) has announced that it has received approval from the US Food and Drug Administration (FDA) to initiate a clinical study for its epidermal growth factor receptor (EGFR)-targeted monoclonal antibody (mAb), HLX07, in patients with locally advanced or metastatic cutaneous squamous cell carcinoma (CSCC). This marks…
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Suzhou Novoprotein Lists on Shanghai’s STAR Market for R&D Expansion
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Suzhou Novoprotein Scientific Co., Ltd, a China-based provider of protein technology and application solutions, has successfully completed its initial public offering (IPO) on the Shanghai Stock Exchange’s Sci-Tech Innovation Board (STAR). The net proceeds from the IPO will be used to advance the company’s capabilities in diagnostics raw materials and…
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Rainmed Medical’s caFFR System Receives TGA Approval for Coronary Disease Diagnosis
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China-based Rainmed Medical Limited has announced that it has received market approval from Australia’s Therapeutic Goods Administration (TGA) for its in-house developed coronary angiography-based fractional flow reserve system (caFFR System). The approval marks another significant milestone for the company in expanding its global footprint. Product Overview and BenefitsThe caFFR System…
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