Chinese venture capital funds have pumped $1.4 billion into private US biotechnology firms in the first quarter of this year, as Beijing seeks to become a leader in the development of new medicines, Bloomberg reports. Chinese cash accounted for 40% of the total investment in US biotech during the first three months of this year, according to […]
Category: Health Care
China’s commerce ministry granted conditional approval to Bayer for its planned acquisition of the world’s leading seed company, Monsanto, on Tuesday, Reuters reports. The decision marks another milestone for the German drug and agrochemicals company as it seeks approval from regulators across the globe. The Chinese government will require Bayer to spin off several businesses as part of […]
The fast growth in China’s health care sector will proceed apace this year as the industry benefits from supportive policies and investors pile into surging biotech stocks listed in Hong Kong, according to an analyst at ICBC International quoted by Caixin Global. Faster approvals of new drugs and medical devices will be a particular boon to […]
BIOTECH BOOM?
Hong Kong could become a new hot-spot for Biotech Listings, Caixin reports, following its recent legislation regarding IPOs in that industry. The Hong Kong Stock Exchange in December announced plans to allow pre-revenue biotech companies to list, which will hope to attract fledgling companies from the mainland that cannot match the multinationals in terms of the […]