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Roche’s Polivy Approved by China’s NMPA for Lymphoma Treatment
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Swiss pharmaceutical giant Roche (SWX: ROG, OTCMKTS: RHHBY) has announced that the National Medical Products Administration (NMPA) has approved its antibody-drug conjugate (ADC) Polivy (polatuzumab vedotin for injection). Polivy is the world’s first ADC targeting CD79b and is designed for use as a first-line treatment for diffuse large B-cell lymphoma…
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China Launches Eighth Round of National Volume-Based Procurement for 41 Drugs
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The National Healthcare Security Administration has issued a notice to initiate the COVID-delayed eighth round of the national volume-based procurement (VBP) program. Hospitals are required to begin providing details of the volumes required for a list of 41 drugs across 181 specifications starting from January 13. This round focuses entirely…
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Med Vision Secures A+ Round Financing to Accelerate Digital Therapy Commercialization
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Hangzhou-based Med Vision Technology Co., Ltd. has successfully completed an A+ round financing, raising several tens of millions of RMB. This round was led by Hangzhou Lingxin, with existing shareholder Mifang Health Fund participating. With this financing, Med Vision has cumulatively raised over 100 million RMB in its Series A…
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MSD China to Take Legal Action Against Market Infringement of Molnupiravir
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Merck Sharp & Dohme (MSD, NYSE: MRK)’s China unit has issued a WeChat notification vowing to take necessary legal actions against certain unnamed drug companies accused of market infringement related to molnupiravir, the oral COVID-19 therapy. The notice states that some manufacturers are falsely claiming authorization from MSD to distribute…
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Med Vision Secures Series A+ Funding to Expand Digital Therapy Portfolio
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Med Vision, a Hangzhou-based digital therapy specialist, has reportedly raised “tens of millions” of renminbi in a Series A+ financing round. The funding was led by Hangzhou Lingxin Enterprise Management Partnership, with a contribution from existing investor Med-Fine Capital. The proceeds will be used to accelerate the commercialization of multiple…
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Kexing Pharmaceutical Initiates Phase I Trial for IFN-Alpha-1b Inhalation Solution
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China-based Kexing Pharmaceutical (SHA: 688136) has announced the enrollment of the first subject and dosing in a Phase I clinical study for its interferon-alfa-1b (IFN-alpha-1b) solution for inhalation. The drug will be assessed for treating lower respiratory tract infections caused by respiratory syncytial virus (RSV) in children, including conditions such…
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Bioantibody Bio Raises RMB 100 Million in Series A Funding Round
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Bioantibody Biotechnology Co., Ltd, a Nanjing-based in vitro diagnostics (IVD) and biologic company, has reportedly raised close to RMB 100 million (USD 14.8 million) in a Series A financing round. The funding was led by FangFund, with contributions from Nanjing New Industry Investment Capital, Guoqian Venture Investment Management, and Bondshine…
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Meihua Partners with Getein Biotech to Manufacture COVID-19 Antigen Tests
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China-based Meihua International Medical Technologies Co., Ltd (NASDAQ: MHUA) has announced a strategic partnership with compatriot firm Getein Biotech Inc. (SHA: 603387) to manufacture and market COVID-19 antigen tests and other in vitro diagnostics (IVD) products. The collaboration aims to enhance the availability and accessibility of diagnostic tools in response…
