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Shanghai Kaibao Pays $20 Million for 20% Stake in Shanghai Yizhong Biotech

publication date: Dec 29, 2015
Shanghai Kaibao Pharmaceutical invested $20 million in Shanghai Yizhong Biotech, a company developing a coated form of the cancer drug paclitaxel. Kaibao owns a 20% stake in Yizhong following the transaction. Yizhong's lead product, currently approved for clinical trials, is an injected form of paclitaxel micelles, a Class 5 biologic drug, aimed at improving delivery of paclitaxel to patients with lung cancer. More details....

Stock Symbol: (SHZ: 300039)

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