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MSD to Acquire Harpoon Therapeutics for USD 680 Million, Expanding Its Oncology Pipeline
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Merck, Sharp & Dohme (MSD; NYSE: MRK), a leading U.S. pharmaceutical company, has announced its intention to acquire Harpoon Therapeutics (NASDAQ: HARP) for approximately USD 680 million. The acquisition is expected to be completed in the first half of 2024, subject to approval by Harpoon’s stockholders and the fulfillment of…
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Eli Lilly Appoints First Female Leader for China Unit with Huzur Devletsah at the Helm
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Eli Lilly and Company (NYSE: LLY), a leading pharmaceutical corporation in the U.S., has announced that Huzur Devletsah has officially assumed the role of president and general manager of its China operations, marking a historic moment as she becomes the first female leader of the unit. Huzur Devletsah’s journey with…
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Jiangxi Jemincare Group Receives Clinical Trial Approvals for Two Innovative Biologics in the US and China
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Jiangxi Jemincare Group, a biopharmaceutical company based in China, has announced that it has received clinical trial approvals for two of its Category 1 therapeutic biologics, JMB2004 and JYB1931. JMB2004, a monoclonal antibody (mAb), has been approved for clinical study in the United States for the treatment of sepsis and…
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ShuWen Biotech’s MammaTyper Diagnostic Kit Receives NMPA Approval for Breast Cancer Molecular Classification
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ShuWen Biotech Co., Ltd, a biopharmaceutical company based in Zhejiang, has announced that its MammaTyper diagnostic kit has received market approval from the National Medical Products Administration (NMPA). The kit is intended for use in cases where immunohistochemistry (IHC) results are indeterminate or unsatisfactory, or when the IHC outcome significantly…
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Allist Pharmaceuticals’ Furmonertinib and AstraZeneca’s Enhertu Earn Breakthrough Designations in China for NSCLC Treatments
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The Center for Drug Evaluation (CDE) in China has indicated on its website that Allist Pharmaceuticals Co., Ltd, a Shanghai-based biotech firm, has received breakthrough therapy designations (BTDs) for its epidermal growth factor receptor (EGFR) tyrosine-kinase inhibitor (TKI) furmonertinib and for Enhertu (trastuzumab deruxtecan), a HER2-targeted antibody drug conjugate (ADC)…
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Thederma’s TAP-1503 Cream Receives Priority Review Status for Pediatric Atopic Dermatitis Treatment in China
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The Center for Drug Evaluation (CDE) website has indicated that China-based Thederma’s TAP-1503 cream is poised to receive priority review status for the local topical treatment of atopic dermatitis (AD) in patients aged two years and above. This priority status is granted due to the drug’s classification under “new varieties,…
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Innovent Biologics’ Mazdutide Achieves Positive Results in Phase III Clinical Trial for Overweight or Obesity
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Innovent Biologics, Inc. (HKG: 1801), a leading biopharmaceutical company based in China, has announced that the first Phase III clinical study for mazdutide (IBI362), a dual agonist targeting both the glucagon-like peptide-1 receptor (GLP-1R) and the glucagon receptor (GCGR), has successfully met its primary endpoints and all key secondary endpoints…
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Bain Capital-Backed Tenacia Strikes Deal with Praxis Precision Medicines for Essential Tremor Treatment
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Tenacia, a central nervous system (CNS) specialist incubated by Bain Capital, has entered into an exclusive cooperation and licensing agreement with US-based Praxis Precision Medicines Inc. (NASDAQ: PRAX). The Shanghai-based firm has been granted the rights to develop and commercialize ulixacalamide for the treatment of essential tremor in Greater China.…
