The Week in Review: WuXi AppTec, Inc. and MedImmune Start Joint Venture

by Richard Daverman, PhD

September 15, 2012 -- WuXi AppTec and MedImmune, an AstraZeneca subsidiary, formed a JV that will develop a MedImmune anti-inflammatory mAb for China commercialization; 3SBio, a Shenyang biotech, received an offer from its Chairman and a CITIC entity to take the company private at a price of $15 per ADS; two high-visibility generic drug JVs – Hisun-Pfizer and Merck-Simcere – began operations after a year of preparation; Qiagen teamed up with Lepu Medical Technology (Beijing) to offer cardiac diagnostic tests; and Generon (Shanghai) Corporation started a Phase I clinical trial in Australia of a novel anti-inflammatory drug candidate. More details….

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