by Richard Daverman, PhD
May 15, 2012 -- For the first time, the annual ChinaBio® Partnering Forum, which will be held next week, features a Partnering Bootcamp, a half-day pre-conference program; China National Biotech Group (CNBG), the nation’s biggest biotech company, will stage a $1.6 billion IPO in Hong Kong; Zhejiang Conba Pharma raised $148 million via a private placement; Ningbo David Medical Device completed a $63.5 million IPO on the ChiNext Exchange; Ventac Partners in-licensed potential diabetes 2 treatments from Guangzhou Institute of Biomedicine and Health; Shanxi Zhendong Pharmaceutical Company and the Shanxi College of Traditional Chinese Medicine banded together with the University of Adelaide in Australia to study the molecular basis of TCM; Johnson & Johnson is actively pursuing M&A in China as a way to increase its revenue growth; Bristol-Myers Squibb formed a multi-year strategic partnership with Tsinghua University of Beijing and invested $20 million to expand its China manufacturing capacity; Baxter International received SFDA approval for its recombinant treatment of hemophilia A; Novozymes Biopharma has begun selling hyaluronic acid made at its new Tianjin facility; and Zhejiang Hisun Pharma will manufacture ThermoDox®, a clinical-stage liver cancer drug, for Celsion of the US. More details….
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