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Newsummit Biopharma Files for $80 Million NYSE IPO

publication date: Feb 25, 2012
Newsummit Biopharma, a Shanghai-based CRO offering pre-clinical drug development services, filed to raise up to $80 million in a New York Stock Exchange IPO. The company has offices in five technology parks around China, and is headquartered in Shanghai's Zhangjiang Hi-Tech Park. Newsummit aims to be a one-stop solution for bringing a drug candidate or medical device through an IND (or NDA) filing, after the initial work on the product has been completed. The company uses a network of 99 service providers for most tasks. More details....

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