From March 2021 to April 2022, there have been seven deals in ophthalmology. Ophthalmic drugs have become an important target of in-licensing deals in China.
Legend Biotech's Carvykti has been granted conditional marketing authorization by the European Commission for the treatment of adults with relapsed and refractory multiple myeloma. More news from HemaCell, GSK, Gracell, Adagene.
Junshi Biosciences has shared more Phase III data of VV116, its COVID-19 oral drug, versus Pfizer's Paxlovid and said the study reached its primary endpoint and secondary efficacy endpoint. More news from Wuxi Biologics, CASI Pharma, Hengrui.
From March 2021 to April 2022, there have been seven deals in ophthalmology. Ophthalmic drugs have become an important target of in-licensing deals in China.
Beijing-based GenEditBio has raised dozens of millions of U.S. dollars in angel and Series pre-A funding to develop next-generation gene-editing tools and advance its pipeline. More news from Henlius.
Shanghai Junshi Biosciences' VV116 tablet, an oral nucleoside analog anti-SARS-CoV-2 drug, reached its primary endpoint in a phase III registrational clinical study versus Pfizer's Paxlovid for early treatment of mild to moderate COVID-19. More news from Sinogen, Scindy, WayShine, StarMab
The NMPA has approved an expanded use for Novartis' Promacta to treat children aged between 6 and 11 with chronic ITP who have had an insufficient response to glucocorticoids and immunoglobulins.
China’s drug regulators are accelerating the development pathway of pediatric and orphan drugs through revised regulations. Biotech companies that focus on developing these drugs will be rewarded with market exclusivity.
A year after its launch in Shanghai, Roche China Accelerator said it has identified nine local innovative drugmakers to join efforts with the pharma giant. More news from VerImmune, U-Synbio, Hansoh, ACEA Pharma, CANSino, Bayer.
Chinese pharma giant Hengrui Pharma has launched a new company named Luzsana Biotechnology to co-develop medicines and commercialize them in North America, Europe and Japan. More news from Meton Pharma, CTTQ, Junshi.
A drugmaker specializing in medicines for children raising nearly $15.7 million in April 2022 shows a shifting interest toward this area. Early-stage biotech companies also made up 18 of the 27 financing deals.