Week In Review: China's New Century Healthcare Plans Hong Kong IPO

Published: Jan 03, 2017

New Century Healthcare, a Beijing clinic-hospital operator, was approved to stage a $100 million IPO in Hong Kong; Ascentage Pharma of China completed a $72 million Series B funding, led by SDIC, a China state-sponsored investor; China's Ascentage Pharma reported two milestones for its novel Bcl-2/Bcl-XL inhibitor: NDA approval in the US and IND approval in China; BeiGene dosed its first patient in a China Phase I trial of its PD-1 candidate; Ascletis Pharma of Hangzhou said the CFDA accepted its new drug application for a hepatitis C direct acting agent; and Crown Bioscience, a preclinical CRO with two labs in China, opened a new animal facility in Louisiana.

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