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Novartis Partners with Beijing’s Changping District to Expand Drug Development
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Swiss pharma giant Novartis (NYSE: NVS) has partnered with Beijing’s Changping district government to expand its business footprint in the region, focusing on novel drug development and digital health collaborations. The alliance will drive pilot projects and support local innovation in treatment technologies. Partnership DetailsAnnounced in an online meeting between…
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GenScript Biotech’s H1 2022 Revenue Rises 32.7% on Carvykti CAR-T Sales
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Nanjing-based GenScript Biotech, a biopharma and contract research firm, reported a 32.7% year-on-year (YOY) revenue increase to USD 304.7 million for H1 2022. The growth was driven by sales from its CAR-T cell therapy partnership with Johnson & Johnson’s Janssen, offsetting rising group losses. Revenue Breakdown Carvykti MilestonesCarvykti received U.S.…
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Mayo Clinic Launches Mayflower BioVentures to Accelerate Cell and Gene Therapies
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The Mayo Clinic, a leading US hospital group, has launched Mayflower BioVentures, a cell and gene therapy accelerator, in partnership with Hibiscus BioVentures and Innoforce Pharmaceuticals. The venture aims to translate lab technologies into viable therapies for unmet patient needs, with leadership from Mayo Clinic clinicians and Hibiscus executives. Collaboration…
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Biointron Raises USD 72M in Series B to Expand CRO Services and Antibody Platform
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Shanghai-based Biointron, a recombinant protein/antibody reagent contract research organization (CRO), has raised nearly RMB 500 million (USD 72.4 million) in a Series B round led by Cornerstone Capital, LYFE Capital, and Sky World Capital. The funding will enhance its CRO service capacity, smart manufacturing, R&D, and global expansion. Funding DetailsThe…
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Simcere Pharma’s H1 2022 Revenue Rises 27% on New Drug Sales, R&D Push
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Jiangsu Simcere Pharmaceutical Co., Ltd (HKG: 2096) reported RMB 2.7 billion (USD 391 million) in H1 2022 revenue, up 27.3% year-on-year (YOY), driven by commercialization of six novel drugs. R&D spending hit RMB 652 million (USD 94.4 million), while net profits fell 88.8% YOY to RMB 62 million (USD 8.9…
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Alphamab Oncology Reports H1 2022 Revenue Growth Driven by Envafolimab Commercialization
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China-based Alphamab Oncology (HKG: 9966) reported RMB 53.57 million (USD 7.7 million) in H1 2022 revenue, primarily from commercialization and licensing of envafolimab, its PD-L1 inhibitor co-developed with Simcere Pharma and 3D Medicines. The firm also posted RMB 38.75 million (USD 5.6 million) in gross profits. Envafolimab CommercializationEnvafolimab, China’s first…
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Akeso Bio’s AK112 Wins Breakthrough Designation for First-Line NSCLC
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China’s Akeso Bio has secured a breakthrough therapy designation (BTD) from the Center for Drug Evaluation (CDE) for its bispecific antibody (BsAb) AK112, targeting programmed death-1 (PD-1) and vascular endothelial growth factor (VEGF), in first-line, locally advanced, or metastatic non-small cell lung cancer (NSCLC) with PD-L1 expression (TPS≥1%). The drug…
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RemeGen’s H1 2022 Revenue Soars 1,094% on Aidixi, Taiai Sales
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China-based biotech RemeGen (HKG: 9995) reported RMB 349 million (USD 50.5 million) in revenue for H1 2022, a 1,094.8% year-on-year surge, driven by sales of its two marketed products: Aidixi (disitamab vedotin), a HER2-targeted ADC for cancer, and Taiai (telitacicept), a fusion protein for autoimmune diseases. Product Approvals and Trials…
