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:
   

Zhifei Biological to Acquire Chongqing Chenan Bio, a Diabetes/Obesity Company

publication date: Nov 27, 2023

China’s Zhifei Biological, a vaccine maker, plans to expand into metabolic therapeutics by acquiring Chongqing Chenan Biopharma, a company with six metabolic drug candidates in clinical trials including late-stage candidates for diabetes and obesity. Chenan’s GLP-1 derivative liraglutide and the insulin product degludec have completed Phase III trials. Founded in 2015, Chenan is 85% owned by Zhirui Investment. Chenan’s legal representative, Jiang Lingfeng, is the vice chairman of Zhifei and son of Zhifei’s de facto controller.  Gaoxia Zhang, who holds the remaining 15% of Chenan, has agreed to the sale. Financial details were not disclosed. More details....

Stock Symbol: (SHE: 300122)

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