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NHSA Releases Guide on Volume-Based Procurement Drug Equivalents
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The National Healthcare Security Administration (NHSA) has reportedly released a reference guide for industry players, outlining which drugs are equivalent to volume-based procurement (VBP) winning drugs. The guide specifies which products can be clinically “replaced” by a particular VBP product. The aim is to guide drug usage monitoring, prioritize VBP…
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Zelgen Biopharmaceuticals Gains NMPA Approval for Jacktinib Clinical Trial in SLE
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Suzhou Zelgen Biopharmaceuticals Co., Ltd (SHA: 688266) has announced that it has received clinical trial approval from the National Medical Products Administration (NMPA) for its Janus kinase (JAK) inhibitor, jacktinib, in systemic lupus erythematosus (SLE). This marks a significant milestone in the development of this innovative therapy for autoimmune diseases.…
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F-star Therapeutics’ Takeover by Sino Biopharmaceutical Delayed Amid CFIUS Review
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UK-based biotech F-star Therapeutics Inc. (NASDAQ: FSTX) announced in a stock exchange press release that the deadline for its proposed takeover by Sino Biopharmaceutical Ltd (HKG: 1177) subsidiary invoX Pharma has been delayed for a second time. The delay is attributed to a review by the Committee on Foreign Investment…
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Shenzhen NeuroPlus Secures Seed Funding for Neuromodulation and Bioelectronic Medicine
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Shenzhen NeuroPlus has reportedly raised “tens of millions” of renminbi in a seed financing round solely led by Brain Venture Capital. The proceeds will be directed towards medical device research and development, pre-clinical studies, and clinical trial filings. The Guangming Brain Science Technology Industry Innovation Center will provide NeuroPlus with…
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Merck KGaA Opens Viral Clearance Lab in Shanghai’s Biologics Testing Center
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German pharmaceutical giant Merck KGaA has opened a viral clearance (VC) laboratory as part of the first phase of a new EUR 29 million ($28.5 million) China Biologics Testing Center in Shanghai. The 5,000 square meter center is the first of its kind for Merck in China and is designed…
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METiS Therapeutics In-Licenses Voronoi’s Pan-RAF Inhibitor Program
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Cambridge, Massachusetts-based METiS Therapeutics has unveiled its first in-license deal, signing with South Korea’s Voronoi Inc. to secure exclusive global development and commercialization rights to Voronoi’s pan-RAF inhibitor program. The deal involves an upfront payment of $1.7 million and up to $480.5 million in development, regulatory, and sales milestones, as…
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Heilongjiang Launches ‘Longjiang Huiminbao’ Supplementary Health Insurance Scheme
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Heilongjiang province has launched its first provincial-level supplementary commercial health insurance scheme, branded “Longjiang Huiminbao.” The initiative is being implemented with guidance from the Heilongjiang provincial Healthcare Security Administration (HSA) bureau as a public-private partnership. The scheme is open to all citizens with active Basic Medical Insurance (BMI) coverage in…
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Immuno Cure BioTech Acquires Majority Stake in Shanghai Teresa Healthcare
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Hong Kong-based Immuno Cure BioTech has announced the acquisition of a controlling 92.6% stake in Shanghai Teresa Healthcare, with price specifics not disclosed. The deal grants Immuno Cure control of Teresa’s proprietary electroporation (EP) technology and related devices in China. Deal Structure and Shareholder DetailsBeyond the acquisition, Immuno Cure is…
