ChinaBio® Today | TalkMarkets | Page 23
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: Beijing's Creat Offers $1.3 Billion For Biotest Of Germany
Creat Group, a Beijing investment firm, has bid to acquire German blood plasma products maker Biotest for $1.3 billion (including debt).
Week In Review: Two Major China CROs Move Toward China Public Listings
Wuxi AppTec, China's largest CRO/CMO, has begun the application process for an IPO on a China exchange. ShangPharma will combine all of its CRO/CMO operations under the ChemPartner name and merge the entity, with a public company.
Week In Review: BGI Genomics Plans $250 Million Shenzhen IPO
BGI Genomics, the contract sequencing and diagnostics divisions of China genomics sequencing company BGI, filed to IPO on the Shenzhen Chi-Next exchange with a proposed target of raising $250 million.
Week In Review: Fosun Eyeing $4 Billion Bid For Germany's Stada Pharma
Shanghai Fosun Pharma is said to be contemplating a bid for Germany's Stada Arzneimittel, a well established generic drug company.
Week In Review: OrbiMed Plans $450 Million Target For Third Asia Life Science Fund
OrbiMed filed with the SEC to raise $450 million for its third Asia-focused fund, OrbiMed Asia Partners III. The company says it considers investments in all sectors of life science.
Week In Review: BioSense Signs $68 Million China Deal With Neovacs For Therapeutic Vaccine
BioSense Global, a New Jersey-Suzhou biotech, signed a $68 million option agreement with France's Neovacs for China rights to a therapeutic vaccine aimed at lupus and dermatomyositis.
Week In Review: China To Add 300 Drugs To National Reimbursement Drug List
According to sources, China is getting close to announcing a revised National Reimbursement Drug List, the group of drugs covered by China's national insurance plan. 130 will be chemical drugs and the rest will be traditional Chinese medicines.
Week In Review: China Investors Announce $4 Billion Of Life Science Deals
Temasek, the sovereign wealth fund of Singapore, invested $800 million in Verily Life Sciences LLC of San Francisco (see story). Verily is the former health sciences division of Google's R&D operations, now spun out into a separate company.
Week In Review: WuXi AppTec Acquires HD Biosciences In China CRO Tieup
New Century Healthcare, a Beijing operator of children's clinics/hospitals and a recently acquired women's hospital, completed a $114 million IPO in Hong Kong. The transaction was priced at the middle of the expected range.
Week In Review: China's Sanpower Pays $820M For Provenge, A Prostate Immunotherapy
Sanpower Group, a China conglomerate, paid $820 million to acquire Dendreon, which makes Provenge, the world's first immunotherapy, from Valeant Pharma.
Week In Review: ICarbonX "Ecosystem" Invests $400 Million In Seven Companies
Following is this week's news in Chinese biopharma. The biggest news - iCarbonX, the Shenzhen big data/artificial intelligence health company, formed The Digital Life Alliance with seven outside life science companies.
Week In Review: China's New Century Healthcare Plans Hong Kong IPO
New Century Healthcare, which operates three pediatric clinics and recently acquired a women's hospital, all in Beijing, was approved to stage a $100 million IPO on the Hong Kong exchange. It's expected to take place in January 2017.
Week In Review: Beijing's Berry Genomics Valued At $619 Million In Reverse Merger
Berry Genomics, a Beijing genetic testing company, will IPO via a reverse merger with Chengdu Tianxing Instrument & Meter (SHZ: 0710) at a valuation of $619 million on China's Shenzhen market.
Week In Review: China Metallurgical Spending $531 Million To Build Two Kuwaiti Hospitals
PegBio Company, a Suzhou diabetes-focused pharma, partnered with Pfizer to bring a Pfizer clinical-stage type 2 diabetes treatment to China.
Week In Review: JHL Biotech Signs $257 Million Biosimilar Deal With Sanofi
JHL Biotech, a Taiwan-China biologics company, signed a $257 million partnership agreement that gives Sanofi rights to market a JHL clinical-stage rituximab biosimilar, initially for China.
Week In Review: Suzhou's Innovent Biologics Announces Record $260 Million Funding
Innovent Biologics of Suzhou raised $260 million in a Series D round, a record venture funding for a China biopharma company. The round brings Innovent's total fundraising to $410 million.
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