Recent Articles in CRO/CMO Services

Tigermed, a full-service Hangzhou CRO, acquired Marti Farm, a European CRO based in Zagreb, Croatia. Marti Farm offers pharmacovigilance, clinical operations and regulatory services to pharma and cosmetic companies. Over the past 12 years, it has worked with 150 companies in 50 countries. Tigermed said it expects the acquisition will increase its presence in Europe, offering CRO services to biopharmas, while it expands Marti Farm’s cloud-based pharmacovigilance capabilities to global clients. The terms of the acquisition were not disclosed. More details....

Stock Symbols: (SHZ: 300347; HK: 3347)

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GenScript ProBio of Nanjing, a biologics CDMO with operations around the globe, raised $224 million in a C round. ProBio offers end-to-end CDMO services from drug discovery to commercialization for antibodies, cell and gene therapies. The company said it would use the capital to increase manufacturing capacity, advance its R&D offerings and acquire companies that add services. After the funding, GenScript Biotech, a gene synthesis company, will continue to own 70% of ProBio, down from 80%, even though it added about $30 million to the funding. Legend Capital led the C round. More details....

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Beijing Biocytogen Pharma completed a $60 million IPO on the Hong Kong Exchange for its genetically modified animal and cell model business, which it offers to global pharmaceutical/biotech companies. Using its animal models, Biocytogen has also developed an innovative in vivo drug efficacy and safety screening process to discover 10+ preclinical and clinical candidates, a collection of monoclonal antibodies, bispecific antibodies and bispecific ADCs. Three products have been out-licensed and/or entered co-development. Biocytogen has a market capitalization of $357 million. More details....

Stock Symbol: (HK: 02315)

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WuXi Biologics and WuXi AppTec announced that each company would invest $1.4 billion over ten years to build R&D and manufacturing facilities in Singapore. The sites will offer CRDMO (Contract Research, Development and Manufacturing Organization) services to each companies’ clients. Over the past few years, both companies have invested heavily to expand their physical presences around the globe while also incorporating new technologies. Their respective CEOs characterized the expansion into Singapore as the next logical step of their continuing growth globally. Although the two companies are separate, both operate under the umbrella of WuXi PharmaTech. More details....

Stock Symbols: (HK; 2269) (SHA: 603259)

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ClinChoice, a US-China-EU clinical CMO, closed a $150 million Series E round financing from China investors. Formerly known as Fountain Medical Development, the company began life in Tianjin, China and added facilities in the US. ClinChoice CEO Ling Zhen told Endpoint News the company will use the new capital to expand in Europe and Southeast Asia, possibly via M&A, while adding remote monitoring and data analytic services. The round was led by Legend Capital and co-invested by Taikang Life Insurance, Sherpa Healthcare Partners and existing shareholders Lilly Asia Ventures and Apricot Capital. More details....

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