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China Biotechs Race To Get First Global IO Green Light Within Months

Multiple US Fast-Track Reviews Underway

 
• By Brian Yang

Within months, one of the three latest immuno-oncology drugs from Chinese firms Innovent, Junshi and Akeso is likely to be approved, providing new competition to global giants such as BMS and Merck & Co. as they race each other over to the finish line.

DIA China 2021 meeting
REGULATOR, EXECUTIVES FROM BEIGENE, J&J DISCUSS INNOVATION DURING DIA CHINA MEETING • Source: Scrip/Brian Yang

First came Shanghai Junshi Biosciences Co., Ltd. then Innovent Biologics, Inc. and now Akeso Inc., all three being Chinese pharma firms elbowing each other to become the developer of the first immuno-oncology drug originated in China to go global.

Suzhou-based Innovent on 18 May said its filing for the US approval of sintilimab with pemetrexed and platinum chemotherapy for...

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Chinese Biotech VC/PE Fundings Rise But Still Modest

 
• By Dexter Jie Yan

LTZ Therapeutics and Beijing Sungen Biomedical are among the Chinese biotechs raising new funding, of around $40m each, based on their clinical assets with novel mechanisms of action. While fundings have risen, they remain moderate however.