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Ascentage Chooses Hong Kong Exchange for its IPO

publication date: Mar 29, 2018

Ascentage Pharma of Suzhou will stage an IPO on the Hong Kong exchange, probably later this year. Ascentage is one of several relatively young China biopharmas that plan to take advantage of Hong Kong's soon-to-be-implemented regulation changes allowing pre-revenue companies to list. According to sources, Ascentage made the commitment to Hong Kong earlier this week, so the company is in the early stages of the process and no details of the proposed IPO are available. Ascentage develops small-molecule oncology drugs with apoptosis mechanisms. It is testing six molecules in clinical trials, either in China, the US or both. More details....

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