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Hepalink Strengthens Biologics Presence With OncoVent JV

 
• By Ying Huang

China's Shenzhen Hepalink, a public company that claims to be one of the largest makers of heparin in the world, is aiming to build up its R&D activities for biologics through a newly formed Chinese JV with OncoQuest, which will leverage the two companies’ expertise and assets to develop novel cancer immunotherapies.

SHANGHAI - After creating OncoVent, a new Chinese R&D joint venture in Shenzhen, Hepalink Pharmaceutical and Canada’s OncoQuest are set jointly to explore opportunities for the development of new therapies in addition to existing immunotherapy products.

The two companies reached the partnership agreement at the end of March, which resulted in the creation of OncoVent, which has a total value of $9.26m

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