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Huarun Pharmaceutical Co., Ltd Announces Private Placement to Fund Expansion Projects
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China-based Huaren Pharmaceutical Co., Ltd is set to raise RMB 1.34 billion (USD 194.8 million) through a private placement of 355 million shares. The funds raised will be allocated towards several key projects, including the expansion of peritoneal dialysate production capacity, construction of a drug packaging material production base, development…
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CDE Releases Guidance on Pre-Phase III Clinical Trial Meetings for Innovative Chemical Drugs
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The Center for Drug Evaluation (CDE) has released the “Innovative Chemical Drug Pre-Phase III Clinical Trial Meeting, Common Issues and Related Technical Requirements,” a document that takes immediate effect. This guidance aims to streamline the clinical development process by providing clarity on the common issues and general requirements of pre-Phase…
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Everest Medicines Partners with Guangdong Provincial People’s Hospital in Kidney Disease Research
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China-based Everest Medicines Ltd (HKG: 1952) has announced a comprehensive strategic partnership with Guangdong Provincial People’s Hospital in the field of kidney disease. The collaboration aims to advance research and development in this critical area of healthcare. No financial details were disclosed in the partnership agreement. Everest’s Pipeline in Kidney…
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Sihuan Pharmaceutical’s KM501 Receives Clinical Trial Approval for HER2-Positive Tumors
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China-based Sihuan Pharmaceutical Holdings Group Ltd (HKG: 0460) has announced that it has received clinical trial approval from the National Medical Products Administration (NMPA) for its XZP-KM501 (KM501) in solid tumors with HER2 positive, middle to low-expression. This marks a significant step forward in the development of innovative treatments for…
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4B Technologies’ FB1001 Receives CDE Approval for Clinical Trials
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China-based 4B Technologies Investments Ltd has announced that it has received clinical trial approval from the Center for Drug Evaluation (CDE) for its potential first-in-class monoclonal antibody (mAb) FB1001 (ZG103). This marks a significant milestone in the development of the drug candidate, which was developed by the company’s founder, Dr.…
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RemeGen’s RC48 Receives Two Clinical Trial Approvals for Breast Cancer Treatments
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RemeGen Ltd (HKG: 9995) has announced the receipt of two clinical trial approvals for its antibody-drug conjugate (ADC) candidate RC48 (disitamab vedotin). The Chinese firm is set to assess the drug as a neo-adjuvant therapy for HR-positive, HER2 low-expression breast cancer, either in combination with Junshi Bio’s (HKG: 1877, SHA:…
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China’s Plan to Strengthen Medical and Healthcare Service System Unveiled
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The General Office of the CPC Central Committee and State Council has released the “Opinions on Ramping up Medical and Healthcare Service System,” outlining five major aspects to enhance the country’s healthcare infrastructure. 1. Optimize Resource Allocation and Strengthen Capacity ModernizationThe plan emphasizes optimizing resource allocation and strengthening talent team…
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Alphax Bio Raises Millions for Spatial Proteomics and Tumor Immune Microenvironment Research
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Beijing-based Alphax Bio, a developer of immune-testing technologies, has reportedly raised “tens of millions” of renminbi in a recent financing round, led solely by Cui Capital. The funds will be directed towards the clinical transformation of spatial proteomics tumor immune microenvironment assessment, the development of functional proteomics solutions, and the…
