ChinaBio® Today | TalkMarkets | Page 17
News and insights into the #2 pharma/medtech market - China
Greg B. Scott founded ChinaBio® in 2007 to help western life science companies achieve success in China. ChinaBio® is a consulting and advisory firm based in Shanghai that has helped over 100 U.S., European and APAC companies seeking partnerships, acquisitions, novel technologies and ...more

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Week In Review: Grifols Pays $1.9 Billion For 26% Stake In Shanghai RAAS
Grifols, a Barcelona maker of plasma-based medicines, acquired a 26% stake in Chinese blood plasma company Shanghai RAASfor $1.9 billion in a non-cash deal. Grifols will exchange a 45% ownership in Grifols Diagnostic Solutions for the RAAS stake.
Week In Review: Nanjing's NJCTTQ Agrees To $4 Billion Package For Abpro Bi-Specific Immunotherapies
NJCTTQ, a Nanjing biopharma, announced a deal worth up to $4 billion to co-develop bispecific immunotherapies discovered by Abpro of Massachusetts.
Week In Review: Sciwind, A Hangzhou Biopharma, Raises $29.5 Million For NASH Treatments
Hangzhou Sciwind Biosciences completed a $29.5 million series A round, led by Legend Capital. Sciwind develops protein and peptide candidates for non-alcoholic steatohepatitis (NASH) and the diseases it causes, including diabetes and liver fibrosis.
Week In Review: CStone's Hong Kong IPO To Raise $304 Million At $1.5 Billion Valuation Next Week
China will reduce the Value Added Tax on 21 rare disease treatments to 3%, starting March 1. Plus: an IPO, financings, licensing, funding rounds.
Week In Review: China Resources And Charoen Pokphand Join To Launch $300 Million Life Science Fund
This week in Chinese biotech: new funding sources, startups funded, licensing news, trials and approvals.
Week In Review: New Shanghai Hi-Tech Exchange To IPO Pre-Revenue Companies
The Shanghai Stock Exchange's new Technology Innovation Board will allow still-unprofitable hi-tech companies - including biopharmas - to IPO on the exchange, though each company that debuts must have a valuation of at least $600 million to qualify.
Week In Review: China Green Lights Nasdaq-Style Exchange For Young Companies
China has given the green light to a new registration-based Shanghai stock exchange aimed at high tech companies that will be less regulated than other China exchanges. The new exchange resembles Nasdaq with its dealer-to-dealer pricing mechanism.
Week In Review: Yantai's MabPlex Raises $59 Million To Expand CDMO Services
MabPlex, a biologics CDMO, raised $59 million in a Series A round from SDIC Venture Fund and Shenzhen Venture Capital. MabPlex offers biologics development and manufacturing services, including mAbs, recombinant proteins, ADCs and bispecifics.
Week In Review: China Life Science Starts Off 2019 With $425 Million In Deals
China's life science sector started off 2019 with $425 million from ten deals involving Apollomics, Schrödinger of New York City and BrightGene Bio-Medical of Suzhou, among others.
Week In Review: 2018 Results: China Life Science Investment Hits Record Levels
Investments in China life science set new records in all categories during 2018, reflecting the increasing development of the industry. And these numbers are spectacular even in comparison to an already strong 2017.
Week In Review: Shanghai Industrial To Start $7.3 Billion Biomedical Fund In 2019
Shanghai Industrial Investment, a state-owned conglomerate, plans to launch a $7.3 billion equity fund for China biopharma investments. The company plans to begin raising $1.5 billion in January for the fund's first tranche.
Week In Review: Two China Biopharmas Raise $1.4 Billion In Hong Kong IPOs
WuXi AppTec began trading on the Hong Kong Exchange following a $967 million IPO, finishing the first day of trading at the offer price. In May, the company completed a $354 million Shanghai IPO at a price that has now quadrupled after six months.
Week In Review: China Pharmas Announce Deals Worth $1.5 Billion
WuXi AppTec, China's largest CRO/CMO, completed a $1 billion IPO on the Hong Kong markets, pricing the offering in the middle of the expected range (see story). In May, WuXi became a public company by completing a $328 million IPO in Shanghai.
Week In Review: BeiGene Forges $1.3 Billion Bi-Specific Antibody Deal With Zymeworks
BeiGene of Beijing announced cancer drug deals worth up to $1.3 billion with Vancouver's Zymeworks. BeiGene will acquire Asian rights to two bispecific antibodies from Zymeworks and will have rights to three to-be-discovered bispecific candidates.
Week In Review: Alphamab Closes $100 Million Series A For Oncology Candidates
Alphamab Oncology, a clinical-stage Suzhou biopharma, completed a Series A funding with over $100 million in capital. Earlier this year, Alphamab Oncology was spun out of Suzhou Alphamab with seven oncology assets and related technology platforms.
Week In Review: CStone Pharma, A Suzhou Oncology Company, Files For Hong Kong IPO
Suzhou's CStone Pharma has filed for a Hong Kong IPO. Founded in 2015, CStone has quickly built a portfolio of 14 oncology candidates.
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