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Week in Review: China's Creat to Restructure $1.5 Billion Biotest Takeover

03:31 EST 12 Nov 2017 | ChinaBio Today

Deals and Financings 

  • China's Creat Group will attempt to restructure its $1.5 billion offer to acquire Biotest, a German blood plasma company, after US regulators nixed the deal;
  • Valeant Pharma closed its $190 million sale of California-based Obagi Medical Products to a group that includes China Regenerative Medicine;
  • Zhejiang Huahai Pharma acquired China rights to an immuno-oncology candidate discovered by Eutilex of South Korea in a $65 million agreement that included a $30 million investment in Eutilex;
  • EOC Pharma Group of Shanghai, an oncology spin-out from China in-licensing company Eddingpharm, closed a $32 million B funding round; 
  • AnchorDx Corp of Guangzhou raised $28 million in a Series B round to develop precision oncology products using next-generation sequencing technology;
  • Exicure, a Chicago developer of nucleic acid drugs, closed a $11.2 million funding led by Yantai-based Luye Pharma;
  • Ark Biosciences of Shanghai partnered with the California Institute for Biomedical Research of La Jolla to develop novel therapies for COPD and other lung diseases;

 Company News

  • Sweden's Genovis signed a China distribution agreement with Shanghai Titan Scientific for its portfolio of enzymes that are used in making biologic drugs;
  • Cellular Biomedicine held an official opening for its new Shanghai CAR-T manufacturing facility, located in Zhangjiang High-Tech Park

Stock Symbols: (DE: BIOG) (NYSE: VRX) (HK: 2186) (NSDQ: CBMG)

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