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Week In Review: ProfoundBio, A Seattle-Suzhou ADC Biotech, Acquired By Genmab For $1.8 Billion
Article By: ChinaBio® Today
Saturday, April 6, 2024 1:20 PM EDT
ProfoundBio will be acquired by Copenhagen’s Genmab A/S in a $1.8 billion all-cash deal. The acquisition will expand Genmab’s drug portfolio, including three ProfoundBio clinical stage ADC candidates for solid tumors.
In this article: INCY, GMAB, CHSYF, BMY, HCM, ZLAB, IVBXF Also: ASND
3 Lesser-Known Biotech Stocks That Are Surging
Article By: StockNews
Thursday, January 21, 2021 7:40 AM EDT
Biotechnology was one of the most popular sectors in 2020. The coronavirus pandemic drew attention to the sector due to the urgent need for COVID-19 testing supplies and a vaccine.
In this article: ALNY, BGNE, ZLAB
Week In Review: Bio-Thera Raises $241 Million In Shanghai STAR IPO For Antibody Portfolio
Article By: ChinaBio® Today
Saturday, February 15, 2020 4:19 PM EDT
Bio-Thera Solutions of Guangzhou priced its IPO on Shanghai’s STAR Board to raise $241 million at a valuation of almost $2 billion. The offering, which placed 60 million shares at RMB32.76 each, was reported to be 3,225 times oversubscribed.
In this article: JNJ, ROG, GILD, ZLAB
Week In Review: AkesoBio Files For $300 Million Hong Kong IPO
Article By: ChinaBio® Today
Saturday, February 8, 2020 4:16 PM EDT
AkesoBio, a Zhongshan novel drug discovery and development biopharma, filed for a $300 million Hong Kong IPO to develop its portfolio of novel mono- and bi-specific antibodies.
In this article: ZLAB, GILD
Week In Review: South Korea's Celltrion Plans $513 Million Biologics Facility In Wuhan
Article By: ChinaBio® Today
Saturday, January 25, 2020 4:50 PM EDT
Celltrion, a South Korea biopharma, plans to build a $513 million China biologics manufacturing facility in Wuhan. The company said the plant's 120,000 liter capacity will make it the largest facility in China.
In this article: ROG, ZLAB

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