A drugmaker specializing in medicines for children raising nearly $15.7 million in April 2022 shows a shifting interest toward this area. Early-stage biotech companies also made up 18 of the 27 financing deals.
A year after its launch in Shanghai, Roche China Accelerator said it has identified nine local innovative drugmakers to join efforts with the pharma giant. More news from VerImmune, U-Synbio, Hansoh, ACEA Pharma, CANSino, Bayer.
Chinese pharma giant Hengrui Pharma has launched a new company named Luzsana Biotechnology to co-develop medicines and commercialize them in North America, Europe and Japan. More news from Meton Pharma, CTTQ, Junshi.
A drugmaker specializing in medicines for children raising nearly $15.7 million in April 2022 shows a shifting interest toward this area. Early-stage biotech companies also made up 18 of the 27 financing deals.
Laekna Therapeutics, which is developing an AKT kinase inhibitor afuresertib and a CYP17/CYP11B2 dual inhibitor, said it closed a $61 million Series D round to accelerate the clinical development of these two drug candidates. More news from Senlang, CStone, Simcere.
Shandong Boan Biotechnology, established in 2013 as a subsidiary of Luye Pharma Group, is seeking an IPO in Hong Kong with support from UBS and Essence International to keep advancing its biological drug candidates. More news from MingMed, Immune-Onc, Sinopharm.
Sichuan Kelun Pharmaceutical revealed a deal with MSD worth over $1.4 billion to license out a large molecule drug candidate in oncology for development and commercialization outside Greater China. More news from Starna, Junshi, Gracell, MSD, Biohealthcare, Hengrui Pharma.
Innovo Therapeutics, established in June 2021 with funding from Chinese and U.S. investors, said it has received angel funding of nearly RMB100 million to expand its two targeted protein degradation platforms and advance multiple immuno-oncology programs. More news from Zhaoke, Hengrui.
Shanghai's Henlius Biotech has made a deal worth up to $50.5 million with Brazil's Eurofarma to produce and market three of its biosimilars. More news from Greatsun, Ascletis Pharma.