Business Development
Over $250 Million! Shanghai-Based Company Sells European Rights to a Drug-Medical Device Product
On October 7, 2026, Asieris Pharmaceuticals granted UK-based Theramex exclusive rights to APL-1702 (Cevira®), a treatment for cervical precancerous lesions, in Europe, Australia, New Zealand, and Turkey. The deal exceeds $250 million, including a $15 million upfront payment, milestones, and royalties. The upfront payment is conditional on four requirements, including a supply agreement and successful manufacturing audits. Asieris retains rights elsewhere. APL-1702 combines hexyl aminolevulinate hydrochloride ointment with a dedicated cervical photodynamic therapy lamp. It treats lesions without surgical excision, with each procedure taking under 10 minutes to help preserve fertility. Phase III trials showed a significantly higher response rate than placebo in patients with CIN2. response rate than placebo in patients with CIN2, supporting its potential as a non-surgical treatment option.
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Innovation
Helixon Develops First-in-Class CDH17/CEACAM5 Trispecific T-Cell Engager for Advanced Colorectal Cancer
To address limited treatment options and tumor heterogeneity in advanced colorectal cancer, Helixon (formerly Huashen Zhiyao) has developed tsTCE3, a novel trispecific T-cell engager simultaneously targeting CEACAM5, CDH17, and CD3. Featuring an optimized 1Fab-plus-2scFv architecture, tsTCE3 demonstrates potent tumor-killing activity and significantly outperforms existing bispecific antibodies in preclinical models, particularly in tumors with low CDH17 expression. By utilizing moderate binding affinities and highly specific antibodies, the molecule achieves robust efficacy while maintaining a favorable safety profile with restrained cytokine release, offering a promising therapeutic strategy for refractory metastatic colorectal cancer.
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Innovation
China Isotope & Radiation (01763): Subsidiary Zhonghe Headway Secures NMPA Approval for 50mg Urea 13C Breath Test Kit
China Isotope & Radiation Corporation (HKEX: 01763) announced that its subsidiary, Shenzhen Zhonghe Headway Bio-Sci&Tech Co., Ltd., has obtained a drug registration certificate from the National Medical Products Administration (NMPA) for its self-developed 50mg Urea 13C Powder Breath Test Kit, used to diagnose Helicobacter pylori infection. This marks the first generic drug approval of its kind under China's reformed pharmaceutical registration system since 2017. The new 50mg formulation complements the company's existing 75mg product, providing clinicians with greater dosing flexibility. The company is actively pursuing GMP compliance, with the product expected to enter the market by December 2026.
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Innovation
Hainan Haiyao Subsidiary Receives Drug Registration Certificate for Isavuconazonium Sulfate for Injection
Hainan Haiyao Co., Ltd. (000566.SZ) announced that its wholly owned subsidiary, Haikou Pharmaceutical Factory Co., Ltd., has received a Drug Registration Certificate from China's NMPA for isavuconazonium sulfate for injection. This next-generation broad-spectrum triazole antifungal agent is indicated for the treatment of invasive aspergillosis and invasive mucormycosis. It offers clinical advantages including high bioavailability, predictable pharmacokinetics, and a formulation free of nephrotoxic excipients. Financial details and commercialization timelines were not disclosed.
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InnovationMNC China Lens
Viatris to Acquire Pacira for $1.65 Billion in Non-Opioid Pain Push; Hengrui's Fluzoparib EMA Application Accepted
Viatris Inc. has announced a $1.65 billion cash acquisition of Pacira BioSciences to expand its non-opioid pain management portfolio with established products like EXPAREL and ZILRETTA. In global regulatory developments, China's Jiangsu Hengrui Pharmaceuticals reported that the European Medicines Agency (EMA) has accepted its marketing authorization application for fluzoparib, a PARP inhibitor for metastatic castration-resistant prostate cancer, highlighting its growing ambitions in European markets.
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Innovation
EASD 2026 Oral Presentation: Raynovent's RAY1225 SHINING-1 Phase II Study Demonstrates Up to 2.76% HbA1c Reduction and 100% Target Achievement at 15mg Dose
At the 62nd EASD 2026 annual meeting in Milan, Raynovent presented Phase II SHINING-1 results for RAY1225, a biweekly GLP-1/GIP dual agonist. The multicenter, randomized, double-blind, placebo-controlled trial enrolled 243 patients with type 2 diabetes treated for 24 weeks. At 15 mg, RAY1225 reduced HbA1c by 2.76 percentage points to 5.34%, with 100% achieving HbA1c <7% and the composite endpoint of HbA1c <7% plus ≥5% weight loss. Mean weight loss reached 12.87 kg, with improvements in blood pressure, lipid profiles, and liver and kidney function markers. Adverse events were mainly mild-to-moderate gastrointestinal events. Enabled by patented stapled-peptide technology, RAY1225 offers convenient biweekly dosing and is advancing to Phase III trials for diabetes and weight management.
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Innovation
BRL Medicine's Allogeneic CAR-T BRL-303 Wins IND Approval for Systemic Sclerosis, Enters CDE Care Program
Shanghai-based BRL Medicine announced that its off-the-shelf allogeneic CAR-T therapy BRL-303 (TyU19) has achieved dual regulatory milestones in China: IND approval for relapsed/refractory systemic sclerosis (SSc) on September 10, 2026, and inclusion in the Center for Drug Evaluation's (CDE) 'Care Program-Extension' on October 8, 2026. BRL-303 is the first CAR-T product admitted to this fast-track initiative for breakthrough therapies targeting rare diseases. Targeting CD19 on B cells, the therapy aims to deplete abnormally activated B cells that drive autoimmune destruction. This marks BRL-303's second autoimmune IND following its clearance for systemic lupus erythematosus (SLE). Early clinical results published in Cell demonstrated deep B-cell depletion, significant improvements in skin scores and organ fibrosis indicators, and sustained clinical benefits with no serious adverse events such as CRS, GvHD, or ICANS observed.
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