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Conba Pharmaceutical Forms Cancer JV with Kite Pharma, Inc., a US Startup



6/14/2011 12:02:05 PM

June 14, 2011 -- Zhejiang Conba Pharma announced plans for a JV with a development stage oncology startup, American Kite Pharmaceutical. The JV, which will be located in Hangzhou, will be funded with 8 million RMB ($1.2 million) of initial capital. Of the total, 70% will come from Conba and the rest from Kite. Kite is developing cancer immunotherapies using alpha fetoproteins (AFPs), with an initial indication of kidney cancer. More details....

Stock Symbol: (SHA: 600572)


Read at ChinaBio Today


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