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CStone Pharma Completes $285 Million Hong Kong IPO; Trades Higher

publication date: Feb 26, 2019

Suzhou CStone Pharma raised $285 million in an Hong Kong IPO that valued the oncology company at $1.5 billion. The IPO was priced at the middle of the range, and the stock rose 7% in the first trading session. Just 2.5 years old, CStone has built a portfolio of 14 oncology drugs through novel drug discovery and in-licensings. The company's three core products are IO candidates -- PD-1, PD-L1 and CTLA-4 antibodies -- which will be paired with other CStone assets as combination therapies. More details....

Stock Symbol: (HK: 2616)

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