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Home » Authors » Doris Yu

Articles by Doris Yu

Beigene and BMS in dispute over Abraxane deal termination in China

Oct. 18, 2021
By David Ho and Doris Yu
Beigene Ltd., which in 2019 parlayed exclusive rights to distribute and promote Abraxane (paclitaxel) in China into more than $111 million in revenue, is contesting Celgene parent Bristol Myers Squibb Co.’s cancellation of the deal in arbitration proceedings at the International Chamber of Commerce.
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IPO, coins, financial chart

Abbisko raises $226M in Hong Kong IPO to develop new solid tumor treatment

Oct. 18, 2021
By Doris Yu
Abbisko Cayman Ltd. has raised $226 million through an IPO in Hong Kong, where it launched with an initial price of HK$12.46 (US$1.60) per share. The company, doing business as Abbisko Therapeutics, plans to use about a third of the proceeds for research and development of its lead candidate, ABSK-091, a targeted inhibitor of fibroblast growth factor receptor subtypes 1, 2 and 3 intended as a potential treatment for multiple solid tumors, including urothelial cancer, gastric cancer, cholangiocarcinoma and lung cancer.
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Cancer cell, DNA illustration

Twist and Anchordx co-launch pan-cancer detection solution globally

Oct. 13, 2021
By Doris Yu
A pan-cancer liquid biopsy solution that was developed by Twist Bioscience Corp. and Anchordx Medical Co. Ltd. has been launched globally. The companies will market the Twist Alliance Pan-Cancer Methylation Panel (Pan-Cancer Panel) jointly. The Pan-Cancer Panel is a solution for pan-cancer study including DNA methylation library preparation and targeted enrichment for next-generation sequencing (NGS).
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Liver and DNA

Hansoh and Olix ink $450M+ liver-focused siRNA therapeutics deal for greater China

Oct. 13, 2021
By Gina Lee and Doris Yu
In a deal that could be worth more than $450 million, Olix Pharmaceuticals Inc. and Hansoh Pharmaceutical Group Co. Ltd. have agreed to discover, develop, and commercialize siRNA therapeutics for various liver-based targets implicated in cardiovascular, metabolic, and other indications.
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Biocytogen out-licenses U.S. rights of CTLA4 antibody to Tracon

Oct. 12, 2021
By Doris Yu
Tracon Pharmaceuticals Inc. tapped Biocytogen Pharmaceuticals Co. Ltd.’s wholly owned subsidiary, Eucure Biopharma Co. Ltd., for U.S. rights to CTLA4 antibody YH-001, which it plans to use in immunotherapy studies in combination with its PD-L1 inhibitor.
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HKEX building

Chinese med-tech firms rush for Hong Kong IPOs despite poor recent performance in the market

Oct. 11, 2021
By Doris Yu
Chinese med-tech firms are still flocking to list on the Hong Kong Stock Exchange despite recent disappointing performances. One of these companies is Shanghai Microport Medbot (Group) Co. Ltd., which is looking to raise up to $1 billion in a Hong Kong initial public offering (IPO). Proceeds from the listing will be used for the R&D and commercialization of its core product Toumai Laparoscopic Surgical Robot.
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Lung cancer illustration

Cstone presents positive phase III data of sugemalimab for NSCLC

Sep. 28, 2021
By Doris Yu
Cstone Pharmaceuticals Co. Ltd. released positive data from the phase III trial, Gemstone-302, of sugemalimab plus chemotherapy for the first-line treatment of patients with stage IV squamous and non-squamous non-small cell lung cancer.
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Hong Kong stock market illustration

Broncus raises nearly US$200M in HK IPO, but shares slide over 20% on first trading day

Sep. 27, 2021
By Doris Yu
Broncus Holding Corp.’s shares tumbled more than 20% on its first trading day on Friday, Sept. 24, in Hong Kong. It raised HK$1.55 billion (US$199.1 million) at HK$18.70 a share, the top end of its target range. Nearly half of the proceeds will be used for the R&D and commercialization of its two core interventional pulmonology products: the Intervapor system and the RF Generator + RF Ablation Catheter (RF-II).
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Cstone presents positive phase III data of sugemalimab for NSCLC

Sep. 23, 2021
By Doris Yu
Cstone Pharmaceuticals Co. Ltd. released positive data from the phase III trial, Gemstone-302, of sugemalimab plus chemotherapy for the first-line treatment of patients with stage IV squamous and non-squamous non-small cell lung cancer.
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FDA accepts Beigene’s first filing outside China; BLA seeks nod for anti-PD-1 tislelizumab

Sep. 21, 2021
By Doris Yu
The FDA has accepted for review Novartis AG and Beigene Ltd.’s BLA filing for the anti-PD-1 monoclonal antibody tislelizumab.
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