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TYK Medicines Stages $74 Million Hong Kong IPO

publication date: Aug 16, 2024

TYK Medicines is staging a Hong Kong IPO that will raise US$74 million to support its portfolio of small molecule cancer drugs. TYK is developing 11 drug candidates (including its core product TY-9591), six clinical-stage products and four preclinical or early-stage clinical development products. One year ago, TY-9591 started a pivotal Phase II trial as a first-line treatment of EGFR-mutated non-small cell lung cancer with brain metastases. TY-9591 was designed to improve the efficacy of AstraZeneca’s Tagrisso (osimertinib), and it will be compared to osimertinib in the trial. TYK Medicines is headquartered in Huzhou, Zhejiang province China. More details....

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