Week In Review: Agilent Pays $250 Million To Acquire ACEA And Its Cell Therapy Analyzer

Bellen Chemistry, a Beijing CRO/CMO, raised "hundreds of millions in RMB" ($30 million plus) in a C financing round (see story). The company offers chemical synthesis for chemical drugs based on its large library of heterocycles. Founded in 2007, Bellen has its headquarters and a research lab in Beijing, a research center in Shanghai, and a manufacturing base in Shandong province. The round was led by Apricot Capital, CMB and Qianhai Fund of Funds. One year ago, Bellen completed a $38 million B financing intended mainly for its manufacturing operations. 

Jinzhou Ahon Pharma, a subsidiary of Shanghai Fosun Pharma (HK: 02196: SHA: 600196), in-licensed greater China rights to a candidate for an ischemic stroke treatment from DiaMedica Therapeutics (TSX: DMA; OTCQB: DMCAF) of Minneapolis in a $32.5 million agreement (see story). DM199 (synthetic KLK1 protein) can be administered up to 24 hours after the onset of a stroke, longer than the 3 to 4.5 hours of tPA, the current standard of care. Previously, Fosun made an equity investment in DiaMedica. Ahon specializes in cardiovascular and CNS drugs.  

WuXi Biologics (HK: 2269) formed a collaboration with I-Mab Biopharma to develop three bi-specific antibodies, using WuXi's proprietary WuXiBody™ Platform to discover, develop and commercialize the three antibodies (see story). I-Mab will make an unspecified upfront payment to WuXi plus milestones and royalties. WuXi Biologics will be I-Mab's exclusive partner to develop and manufacture the bispecifics. According to WuXi, I-Mab is the first company to use the WuXiBody platform, which it believes improves the development and manufacturing of bi-specifics.

Flow Pharma, a San Francisco Bay Area biotech, formed a China JV with Button Capital to conduct China clinical trials of its therapeutic cancer vaccines (see story). Button is a Silicon Valley-based investor that supports companies around the globe. Flow uses artificial intelligence to select neoantigen peptide targets on cancer cells or virus-infected cells, which are then targeted by the patient's own immune system. The peptides are loaded into the FlowVax synthetic therapeutic vaccine platform. The company's initial product is a pre-clinical HPV vaccine to treat cervical cancer.  

View single page >> |

Disclosure: None

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.