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Drought Ending? Shanghai’s STAR Market Considers Two IPO Applicants

 
• By Dexter Jie Yan

With the first half of 2022 ending, two Chinese developers of innovative drugs - antibody specialist Chongqing Genrix Biopharmaceutical and Suzhou Teligene, which focuses on small molecules, are looking to go public on Shanghai’s STAR Market, ending a recent drought of biopharma listings.

China biotech IPO
Two Chinese biotechs will need to convince STAR for successful IPO applications • Source: Shutterstock

Two innovative drug-focused Chinese bioventures are trying their luck with public share sales on China’s Nasdaq-like STAR Market under the Shanghai Stock Exchange, ending a more than six-month break in such funding activity on the bourse.

Over 20-21 June, Chongqing Genrix Biopharmaceutical, an antibody developer, and Teligene Ltd, which specialises in small molecules, filed applications...

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