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Clover, Chengda IPOs Add To $1.2bn Raised By Chinese Bioventures

 
• By Dexter Jie Yan

The listings of two vaccine manufacturers and fundraisings by seven other biopharma ventures generate around $1.2bn in new financing for Chinese companies focusing on a broad variety of therapeutic areas and indicating continued investor interest. 

fund raising
Chinese biotechs keep tapping into domestic capital market • Source: Alamy

Chengdu-based Clover Biopharmaceuticals, Inc., a leading COVID-19 vaccine developer in China, listed in an initial public offering on the Hong Kong Stock Exchange on 5 November, grossing HKD2.0bn ($257.5m) after selling 150 million new shares at HKD13.38 each.

Its lead development candidates include SCB-2019 (CpG 1018/Alum) for COVID-19, second-generation COVID-19 vaccines and SCB-808, an

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• By Jung Won Shin

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Dr Reddy’s Gears For Tariffs Scenario To Ensure No US Supply Disruption

 
• By Anju Ghangurde

Dr. Reddy's Laboratories preps for potential US tariffs, focusing on sustaining product supply and collaborating with customers on inventories. A recent US plant sale, the firm stressed, was unrelated to tariffs and underlines its openness to ‘make in the US’, where it launched 18 products in fiscal 2025.