Did you know?
ChinaBio® Group is a consulting and advisory firm helping life science companies and investors achieve success in China. ChinaBio works with U.S., European and APAC companies and investors seeking partnerships, acquisitions, novel technologies and funding in China.
Have the latest stories on China's life science industry delivered to your inbox daily or weekly - free!
Week in Review: China’s Joinn Labs Buys Major Biopharma Campus in San Francisco
Deals and Financings
Joinn Laboratories, a pre-clinical CRO with facilities in
Shanghai Fosun Pharma (SHA: 600196; HK: 2196) continued to execute on its growth-by-acquisition strategy by paying $93 million for a 78% stake in Hunan Dongting Pharma, a company that makes CNS and hemostatic drugs (see story). Donging’s major product is quetiapine fumarate, marketed in global markets as Seroquel, an AstraZeneca (NYSE: AZN) treatment for schizophrenia and bipolar disorder.
Dahuanong Animal Health (SHE: 300186) paid $25.4 million to purchase a 60% stake in Foshan Standard Bio-tech, a fellow veterinary products company (see story). Dahuanong said the acquisition would add products to its portfolio, especially a chicken coccidiosis vaccine. Foshan Standard makes pharmaceutical preparations and feed additives, as does Dahuanong.
GrandPharma (HK: 512) of
The annual pilgrimage to
Government and Regulatory
Trials and Approvals
Zhifei Biological Product Co. (SHE: 300122) won SFDA approval to begin a Phase III trial of an existing product, Vaccae, as a vaccine for tuberculosis, a currently unmet need (see story). Vaccae is an immune system modulator that the company currently sells as an adjuvant to treat TB.
EntreMed (NSDQ: ENMD), a Washington DC-area biotech, has filed an application with the SFDA to begin clinical trials in