China Medical Systems In-Licenses Respiratory Distress Drug From Faron Pharmaceuticals Ltd.

China Medical Systems, headquartered in Shenzhen, in-licensed greater China rights to Traumakine®, a treatment for moderate to severe acute respiratory distress syndrome (ARDS) from Faron Pharma, a Finnish virtual biopharma. At the same time, A&B Ltd., a company owned by Dr. Kong Lam, the CEO of China Medical Systems, made a $5.5 million investment in Faron. A&B will also underwrite the costs of regulatory approval in China.

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