Week In Review: Korea's Hanmi Signs $4.2 Billion Deal With Sanofi

ACEA Biosciences of San Diego and Hangzhou closed a $30 million venture capital round with participation by Lilly Asia Ventures and Qiming Venture Partners (see story). Founded in 2002, ACEA develops scientific instruments and also is engaged in drug discovery with two drugs in clinical trials. The company's proprietary cell analysis technologies, which examine the effects of drugs on target cells in life science research, are used around the world. ACEA operates a manufacturing facility in Hangzhou. 

Tianjin CanSino Biotechnology. located in TEDA, Tianjin, raised $30 million in venture capital to further its vaccine development activities (see story). The funding was led by Qiming Venture Partners and Lilly Asia Ventures. Two years ago, Lilly was the lead investor in CanSino's original $10 million fundraising. The company announced the funding at its official ground breaking ceremony for a new vaccine manufacturing facility in TEDA. 

Tarrex Biopharma, a drug discovery startup based in Xiamen, China, has purchased a 33% stake in Aranda Pharma Ltd. of Finland, and the two companies will co-develop Aranda’s androgen receptor antagonist as a treatment for Castration Resistant Prostate Cancer (CRPC) (see story). Aranda’s AR antagonist has demonstrated efficacy in prostate cancer models that are resistant to current treatments. The amount of Tarrex's investment in Aranda was not disclosed. 

Company News

iCarbonX, a new China company that uses big data to improve health, was unveiled last week in Shenzhen by its co-founder, Dr. Jun Wang, former CEO of Beijing Genomic Institute (BGI) (see story). The company will combine big data, omics (genomics, proteomics, metabolomics, microbiomics, etc.), life style information and artificial intelligence to aid novel drug research and help people make the right choices for their lives. After 17 years at BGI, Dr. Wang is a high-profile figure in international health research, and he has assembled a blue ribbon group of co-partners for his newest scientific venture.  

View single page >> |

Disclosure: ChinaBio® ...

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


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