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Merck Secures Exclusive Rights to LaNova’s PD-1/VEGF Bispecific Antibody LM-299
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US pharmaceutical giant Merck, Sharp & Dohme Inc. (MSD; NYSE: MRK) has announced a significant licensing agreement with Shanghai-based LaNova Medicines Ltd, a developer of innovative cancer therapies. This deal grants Merck exclusive global rights to develop, manufacture, and commercialize LaNova’s LM-299, a novel PD-1/VEGF bispecific antibody (BsAb), marking a…
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China Releases Comprehensive AI Application Guidelines for Healthcare Industry
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The National Health Commission, National Administration of Traditional Chinese Medicine, and National Bureau of Disease Control and Prevention have jointly published the “Reference Guidelines for Artificial Intelligence (AI) Application Scenarios in the Healthcare Industry.” These guidelines provide a comprehensive framework for the integration of AI across various sectors within the…
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BeiGene Ltd to Become BeOne Medicines Ltd, Emphasizing Global Oncology Commitment
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China-based biotechnology company BeiGene Ltd (NASDAQ: BGNE; HKG: 6160; SHA: 688235) has announced a proposed change of its English name to BeOne Medicines Ltd. This rebranding underscores the company’s dedication to developing innovative medicines aimed at eliminating cancer and its intention to partner with the global community to serve a…
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Beijing Biostar Partners with Baheal for Utidelone Market Promotion in China
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Beijing Biostar Technologies Ltd (HKG: 2563), a synthetic biology-driven anti-tumor drug specialist that made its debut in Hong Kong last month, has entered into a market promotion service agreement with Baheal Pharmaceutical Group (SHE: 301015), a leading health services and distribution company in China. This collaboration will see Baheal provide…
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NMPA Issues Interim Provisions for Overseas MAHs’ Designated Domestic Responsible Persons
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The National Medical Products Administration (NMPA) has released the “Interim Provisions on the Management of Designated Domestic Responsible Persons by Overseas Drug Marketing Authorization Holders (MAHs)”. These provisions are designed to strengthen the management of overseas drug MAHs and to delineate the rights and responsibilities of these entities and their…
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Sino Biopharmaceutical’s TQB3002 Receives FDA Clearance for Phase I Study
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Sino Biopharmaceutical Ltd (HKG: 1177), a leading China-based pharmaceutical company, has announced that it has received clearance from the US Food and Drug Administration (FDA) to initiate a Phase I clinical study for its TQB3002. This is an in-house developed fourth-generation epidermal growth factor receptor (EGFR) inhibitor, marking a significant…
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PegBio Files for IPO on Hong Kong Stock Exchange
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PegBio Co., Ltd., a specialist in endocrine metabolism based in Suzhou, has taken a significant step towards going public with an initial public offering (IPO) filing to the Hong Kong Stock Exchange (HKSE). While the price and other specific details of the offering are yet to be disclosed, the move…
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Mabwell Bioscience Receives NMPA Approval for 9MW2821 Clinical Trials
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Mabwell (Shanghai) Bioscience Co., Ltd (SHA: 688062), a China-based biopharmaceutical company, has announced that it has received approval from the National Medical Products Administration (NMPA) to initiate clinical studies for its antibody drug conjugate (ADC), 9MW2821. This drug targets Nectin-4 and will be evaluated in combination with programmed-death 1 (PD-1)…
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