{"id":6426,"date":"2024-10-14T15:12:10","date_gmt":"2024-10-14T07:12:10","guid":{"rendered":"https:\/\/flcube.com\/?p=6426"},"modified":"2024-10-14T15:12:22","modified_gmt":"2024-10-14T07:12:22","slug":"akeso-biopharma-secures-usd-250-million-in-share-placement-bolstering-drug-development-war-chest","status":"publish","type":"post","link":"https:\/\/flcube.com\/?p=6426","title":{"rendered":"Akeso Biopharma Secures USD 250 Million in Share Placement, Bolstering Drug Development War chest"},"content":{"rendered":"\n<p>Akeso Biopharma (<a href=\"https:\/\/www.google.com\/finance\/quote\/9926:HKG\">HKG: 9926<\/a>), a biopharmaceutical company based in China, has declared the successful completion of a share placement that has raised USD 250 million. This capital raise has garnered significant attention from international investment firms, with a majority of the final subscribers being long-term and healthcare funds. With this transaction, Akeso&#8217;s second in 2024, the company&#8217;s cash reserves are projected to reach USD 1.064 billion (RMB 7.5 billion). The company plans to allocate 70% of the financing towards the global clinical development of its internally developed innovative drugs, focusing on its key products in both domestic and international markets.<\/p>\n\n\n\n<p>Established in 2012, Akeso possesses a comprehensive new drug research and development (R&amp;D) platform known as the ACE Platform. It also has an R&amp;D innovation system centered around Tetrabody bispecific antibody development technology, antibody drug conjugate (ADC) technology, mRNA technology, and cell therapy technology. The company&#8217;s pipeline comprises over 50 products, spanning therapeutic areas such as oncology, autoimmune disorders, inflammation, and metabolic disorders. Among these, 22 candidate drugs are in clinical stages, with 5 already commercialized and 4 under marketing reviews for 5 indications.- <a href=\"https:\/\/flcube.com\">Flcube.com<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Akeso Biopharma (HKG: 9926), a biopharmaceutical company based in China, has declared the successful completion&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAownpewDA:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7,10],"tags":[360,20,850],"class_list":["post-6426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company","category-deals","tag-akeso-biopharma","tag-finance","tag-hkg-9926"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.6 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Akeso Biopharma Secures USD 250 Million in Share Placement, Bolstering Drug Development War chest - Insight, China&#039;s Pharmaceutical Industry<\/title>\n<meta name=\"description\" content=\"Akeso Biopharma (HKG: 9926), a biopharmaceutical company based in China, has declared the successful completion of a share placement that has raised USD 250 million. This capital raise has garnered significant attention from international investment firms, with a majority of the final subscribers being long-term and healthcare funds. With this transaction, Akeso&#039;s second in 2024, the company&#039;s cash reserves are projected to reach USD 1.064 billion (RMB 7.5 billion). The company plans to allocate 70% of the financing towards the global clinical development of its internally developed innovative drugs, focusing on its key products in both domestic and international markets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flcube.com\/?p=6426\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Akeso Biopharma Secures USD 250 Million in Share Placement, Bolstering Drug Development War chest\" \/>\n<meta property=\"og:description\" content=\"Navigate the complexities of China\u2019s pharmaceutical industry with precision and clarity. FLCUBE delivers reliable data, news, and intelligence to broaden your horizons and sharpen your decision-making. 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