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.  

Learn more >>

Free Newsletter

Have the latest stories on China's life science industry delivered to your inbox daily or weekly - free!

See preview >>

  Email address:
   

TaiGen Sells 9% of China JV to HEC ChangJiang for $20 Million

publication date: Mar 27, 2017
South Korea's TaiGen Biotech will be paid $20 million for a 9% interest in a China JV by its partner YiChang HEC ChangJiang Pharma. The JV, formed six months ago, is developing two direct acting anti-viral drugs, one from each company, as an all-oral, interferon-free treatment for hepatitis C in greater China. The $20 million payment was pre-planned as a $20 to $40 million transaction based on the results from TaiGen's Phase II trials of furaprevir, its contribution to the JV. The payment raises the valuation of the JV to $222 million, up from $102 million initially. More details....

Stock Symbols: (TWO: 4157) (HK: 1558)

Share this with colleagues:  


This article is available for purchase - please click here for details.

Sorry this page is available to subscribers only.
If you're not a subscriber why not subscribe today?

If you are already a subscriber, please login.

If you believe you should have received this message in error, please contact us.


 

To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.

Upcoming Events

ChinaBio® Partnering Forum
September 10–11, 2024 | Shanghai, China
Register here

BIO-Europe®
November 4–6, 2024 | Stockholm, Sweden
Save €900 before September 13!
Register here

Biotech Showcase™
January 13–15, 2025 | San Francisco, CA
Save $600 before September 27!
Other Relevant Events

Antibody Engineering & Therapeutics Asia
October 21–23, 2024 | Kyoto, Japan
Save 30% with code CHINABIO30!
Register here