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Jacobio Pharma Receives RMB 172 Million Milestone Payment from Allist Pharmaceuticals
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Jacobio Pharma (HKG: 1167), a biopharmaceutical company based in China, has announced the receipt of a RMB 172 million collaboration payment from Allist Pharmaceuticals Co., Ltd, a fellow Chinese pharmaceutical company. This payment includes a RMB 150 million upfront fee and a RMB 22.79 million R&D compensation. The payment stems…
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Apeloa Pharmaceutical Partners with Biocre Tech to Boost Pharmaceutical Innovation
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Apeloa Pharmaceutical Co., Ltd (SHE: 000739), a pharmaceutical company based in China, has entered into a partnership with Biocre Tech, a specialist in protein and peptide research headquartered in Shenzhen. The collaboration aims to leverage the expertise of both companies, although financial details of the agreement were not disclosed. This…
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FDA Approves Cobenfy as Novel Schizophrenia Treatment with First-in-Decades Mechanism
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The U.S. Food and Drug Administration (FDA) has granted official approval to Cobenfy (KarXT, xanomeline and trospium chloride) as an oral treatment for schizophrenia, marking it as the first therapy with a novel mechanism of action in this indication in several decades within the U.S. KarXT, an oral M1/M4 type…
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Hunan Province Includes Fertility Treatments in Medical Insurance Coverage from October 2024
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The Hunan Healthcare Security Administration has issued a notification to include specific assisted reproductive medical services within the payment scope of Basic Medical Insurance (BMI) and Work Injury Insurance Funds, effective from October 1, 2024, for a period of five years. Under this policy, a total of eight items, including…
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Shanghai Junshi Biosciences Inks Licensing Deal for IAMA-001 Nasal Spray with Nanjing JSIAMA
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Shanghai Junshi Biosciences Co., Ltd (HKG: 1877; SHA: 688180), a biopharmaceutical company based in China, has entered into a licensing agreement with fellow Chinese firm Nanjing JSIAMA Biopharmaceutical Co., Ltd. This deal grants Junshi the rights to research and develop, manufacture, file for regulatory approval, commercialize, and hold other interests…
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China’s Pharmaceutical Industry Sees Mixed Results in H1 2024, CAPEM Data Reveals
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The China Association of Pharmaceutical Enterprises Management (CAPEM) has released a comprehensive set of data detailing the operational status of China’s pharmaceutical industry in the first half of 2024. The statistics indicate that the added value of the pharmaceutical industry above designated size increased by 1.2% year-on-year (YOY). Revenues for…
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Shanghai Medical Procurement Platform Sets Price Cap for Non-Locally Supplied Drugs
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Shanghai’s Sunshine Medical Procurement All-In-One (SMPA) has issued a notification concerning the online procurement prices for drugs from the first to seventh round of volume-based procurement (VBP) that are not primarily supplied in Shanghai. The notification mandates that these drugs’ prices should not exceed 1.5 times the winning prices or…
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Pfizer Partners with Shanghai Pharmaceutical for Long-Term Vaccine Collaboration in China
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Pfizer Inc. (NSE: PFIZER, NYSE: PFE, ETR: PFE), a leading pharmaceutical company in the U.S., has entered into a partnership with China’s Shanghai Pharmaceutical Holding Co., Ltd (SHA: 601607; SPH) to establish a long-term collaboration in the vaccine sector. The collaboration will focus on product promotion, introduction of innovative products,…
