Deals and Financings

  • Harbin Pharma will invest $300 million in GNC Holdings, a US nutritional supplement company, and form a JV for China manufacture and sales;
  • Oncologie, a Boston-Shanghai biopharma, in-licensed China rights to an immuno-oncology candidate from Mologen of Berlin in a $126 million agreement;
  • NovaBay® Pharma, a US anti-microbial company, received $6 million in a private placement from OP Financial of Hong Kong;
  • Lee’s Pharm of Hong Kong in-licensed Greater China rights to an investigational anticoagulant being developed by Korea’s GC Pharma;

    • Trials and Approvals

  • Hutchison China MediTech (Chi-Med) completed patient enrollment in a China Phase III trial of fruquintinib in patients with non-small cell lung cancer;

    • Industry Insights

  • Jonathan J. Wang, PhD, Senior Managing Director of OrbiMed Asia, discusses China’s life science landscape — huge growth and lingering weaknesses; 
  • China’s Nanjing Legend has a CAR-T candidate with stellar efficacy and a $350 million global deal with Janssen; its parent, GeneScript, is now worth $5 billion; another 339 CAR-T candidates are in development in the US and China.

    •  

    Print Friendly, PDF & Email

    Related Posts