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BRL Medicine’s BRL-101 Receives Clinical Trial Approval for Beta-Thalassemia
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Shanghai-based BRL Medicine Inc. has announced that it has received clinical trial approval from the Center for Drug Evaluation (CDE) for its BRL-101. The therapy is an autologous hematopoietic stem progenitor cell treatment for transfusion-dependent beta-thalassemia. Drug DetailsBRL-101 is a gene therapy developed through BRL’s in-house developed hematopoietic stem cell…
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GenScript Biotech Sues Former CSO Fan Xiaohu for Trade Secret Infringement
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Hong Kong-based Contract Research Organization (CRO) GenScript Biotech Corporation (HKG: 1548) has sued its former executive, Fan Xiaohu. Fan is the co-founder and former Chief Science Officer (CSO) of its subsidiary Legend Biotech Corporation (NASDAQ: LEGN). The lawsuit is for infringement of trade secrets and is being brought at the…
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Innovent Biologics Initiates Phase I Study of IBI311 for Thyroid-Associated Ophthalmopathy
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China-based biotech Innovent Biologics Inc. (HKG: 1801) announced that the first subject has been dosed in a Phase I clinical study for its IBI311, an insulin-like growth factor 1 (IGF-1R) monoclonal antibody (mAb). Study DetailsThe Phase I dosage escalation study (CTR20221581) is designed to assess the safety and tolerability of…
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Baidu Health’s Precision Matching Engine Powers Public Hospitals
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China Internet giant Baidu’s one-stop health management platform Baidu Health has updated the status of its precision physician-patient matching engine. The platform is designed to empower public Class 3A hospitals and specialty hospitals via big data and artificial intelligence (AI) technology. It allows accurate matching of specialty services in the…
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WuXi Biologics’ Revenues Surge 63.5% in H1 2022 on Strong CRDMO Growth
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China-based Contract Research, Development, and Manufacturing Organization (CRDMO) WuXi Biologics (HKEX: 2269) published its unaudited interim financial report for the six months ending on June 30, 2022. Revenues increased by 63.5% during the period to RMB7.21 billion (USD1 billion). Growth DriversThe company’s growth drivers include the successful implementation of its…
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MingMed Biotech’s Hong Kong IPO Signals Push for First-in-Class Drugs
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Guangzhou-based MingMed Biotech has officially made an initial public offering (IPO) to the Hong Kong Stock Exchange (HKSE). CICC and Credit Suisse are acting as co-sponsors. Company OverviewThe innovation-driven pharmaceutical company is focused on the self-discovery and development of potential first-in-class (FIC) drugs. These drugs aim to address major unmet…
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Junshi Biosciences’ JunMaiKang Biosimilar Gets NMPA Approval Filing
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China-based Junshi Biosciiences (HKG: 1877, SHA: 688180) has announced that another market approval filing for JunMaiKang, a biosimilar version of AbbVie’s auto-immune disease drug Humira (adalimumab) co-developed by Mabwell, has been accepted by the National Medical Products Administration (NMPA). In addition, the NMPA also accepted a clinical trial filing for…
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Applied Protein Technology Raises Hundreds of Millions in Series B Funding
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Shanghai-based Applied Protein Technology (APT Bio), a biotech company focused on mass spectrometry multi-omics precision medicine, has reportedly raised “hundreds of millions” of renminbi in a Series B financing round. The round was led by Legend Capital. The funds will allow the company to double down on mass spectrometry multi-omics…
