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Biopharma Star Genor Bio Inks Mega Deal to Take its Dual-Targeting Antibody Overseas
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data-v-53bbd022>Hauptseite</a> > </div> <!----> <div data-v-53bbd022><span data-v-53bbd022>Nachrichten</span> <a style="color:#333;" data-v-53bbd022></a> > </div> <!----> <div data-v-53bbd022><a href="/cms-news/pharmaceutical.html" style="color:#333;" data-v-53bbd022>Pharmazeutische Nachrichten</a> > </div> <div data-v-53bbd022>Biopharma Star Genor Bio Inks Mega Deal To Take Its Dual-targeting Antibody Overseas</div> <!----> <!----></div> <div class="flex flex_b" data-v-b438853c><div class="cate_left" data-v-b438853c><div class="cont_box" data-v-b438853c><div class="for_fixed_cont" style="position:absolute;left:0px;top:0px;" data-v-b438853c><div class="detail_share" data-v-b438853c><span data-v-b438853c>— Teilen —</span> <ul data-v-b438853c><li data-v-b438853c><a href="https://www.facebook.com/sharer.php?u=&t=" target="_blank" data-v-b438853c><span class="facebook" data-v-b438853c></span></a></li> <li data-v-b438853c><a href="https://twitter.com/share?url=&text=" target="_blank" data-v-b438853c><span class="linkedin" data-v-b438853c></span></a></li> <li data-v-b438853c><a href="https://www.linkedin.com/shareArticle?mini=true&url=&title=" target="_blank" data-v-b438853c><span class="twitter" data-v-b438853c></span></a></li> <li data-v-b438853c><span class="weixin" data-v-b438853c></span></li></ul></div></div> <div data-v-b438853c><div class="detail_top" data-v-b438853c><h1 class="special_font" data-v-b438853c>Biopharma Star Genor Bio Inks Mega Deal to Take its Dual-Targeting Antibody Overseas</h1> <div class="detail_es clearfix" data-v-b438853c><div class="detail_nt" data-v-b438853c><span data-v-b438853c>ECHEMI</span> <span data-v-b438853c>2024-08-06 18:14:00</span></div></div></div> <div class="detail_zhengwen" data-v-b438853c><span data-v-b438853c><p><span style="font-family: Arial; font-size: 18px; text-indent: 2em;">Recently, the Hong Kong stock market's innovative pharmaceutical giant - Genor Biological (06998.HK) and the United States biotechnology company TRC2004,Inc. A landmark licensing and equity agreement has been signed, securing a strong overseas strategic partner for GB261, Genor's core R&D project. Under the terms of the agreement, Genor Bio will receive an initial payment of tens of millions of dollars, with the possibility of subsequent milestone payments of up to $443 million, as well as tiered royalties based on net sales in the single-digit to double-digit percentage range.</span></p> <p><span style="font-family: arial, helvetica, sans-serif; font-size: 18px;"><font face="Arial">GB261 is a highly anticipated new CD20/CD3 bisspecific T cell binder (TCE) that presents a unique competitive advantage in the field of innovative drugs. Compared to existing products, GB261 showed significant advantages in reducing potential side effects such as cytokine release syndrome (CRS), while maintaining strong anti-tumor activity in vitro and in vivo experiments. This breakthrough research and development results indicate that GB261 has the potential to open up new treatment paths in the field of treating autoimmune diseases, providing patients with safer and more effective treatment options.</font></span></p> <p><span style="font-family: arial, helvetica, sans-serif; font-size: 18px;"><font face="Arial">The cooperation with TRC2004 not only reflects the deep strength and commercialization capability of Genor Biology in the field of innovative drug research and development, but also marks the increasing influence of Chinese innovative drug companies in the global market. According to statistics, in the first half of 2024, Chinese pharmaceutical enterprises have completed 60 cross-border business development (BD) transactions, which is far more than the same period in 2023, showing the strong momentum of Chinese innovative pharmaceutical enterprises to actively expand overseas markets and participate in global competition.</font></span></p> <p><span style="font-family: arial, helvetica, sans-serif; font-size: 18px;"><font face="Arial">With the continuous development and innovation of China's pharmaceutical industry, the competitiveness of domestic innovative drugs in the international market continues to improve. It is foreseeable that in the future, more Chinese innovative pharmaceutical companies will emerge on the global stage, promote the development of the global pharmaceutical industry, and make greater contributions to the health and well-being of global patients.</font></span></p></span></div> <div class="detail_source" data-v-b438853c><span data-v-b438853c>Haftungsausschluss: ECHEMI behält sich das Recht der endgültigen Erklärung und Revision aller Informationen vor.</span></div> <!----></div> <div class="other_news" data-v-b438853c><div class="items" data-v-b438853c><span data-v-b438853c>Vorherige:</span> <a href="/cms/2002723.html" data-v-b438853c><h3 class="special_font" data-v-b438853c>Sika acquires leading Dominican construction chemicals company</h3></a></div> <div class="items" data-v-b438853c><span data-v-b438853c>Nächste:</span> <a href="/cms/2002696.html" data-v-b438853c><h3 class="special_font" data-v-b438853c>Huarun Acquires 62 Billion Yuan Stake in Chinese Medicine Giant</h3></a></div></div> <div class="related_news" data-v-b438853c><h2 class="title special_font" data-v-b438853c>Daran hätten Sie Interesse</h2> <div class="swiper-container swiper-no-swiping" data-v-b438853c><div class="swiper-wrapper" data-v-b438853c><div class="swiper-slide" data-v-b438853c><div class="pro_box" data-v-b438853c><a href="/produce/pr2307061569-olive-leaf-extract-pharmaceutical-grade-99-brown-powder-snc-good-fortune.html" data-v-b438853c><div class="img" data-v-b438853c><img alt="Olivenblattextrakt in pharmazeutischer Qualität 99% braunes Pulver SNC | Glück kaufen" data-v-b438853c> <i class="main_icon" data-v-b438853c></i></div> <p class="name" data-v-b438853c>Olivenblattextrakt in pharmazeutischer Qualität 99% braunes Pulver SNC | Glück</p></a> <p class="price" data-v-b438853c> $15-19 / KG EXW </p> <div class="supplier_name" data-v-b438853c><a href="/shop-us20190322205654385/index.html" data-v-b438853c>SNC | GLÜCK</a> <div class="allIcon_main" data-v-4e60db63 data-v-b438853c><span data-v-4e60db63><div role="tooltip" id="el-popover-7361" aria-hidden="true" class="el-popover el-popper" style="width:360px;display:none;"><!----><div data-v-4e60db63><i class="icon icon_license" data-v-4e60db63></i> Zertifizierte Geschäftslizenz </div> <p data-v-4e60db63>Der Lieferant lädt zuerst seine Geschäftslizenz hoch. 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{layout:"default",data:[{tkd:{id:"4cd80449-76d0-11ed-890b-fa163eba3858",tkdPageId:"PDE052",tkdTitle:p,tkdKeywords:a,tkdDescription:x,cmsKeywords:a,sharePicture:a,sharePictureAddress:a},crumbInfo:{secondName:q,secondHref:"\u002Fcms-news\u002Fpharmaceutical.html",thirdName:p},detail:{contentid:"2002697",catid:y,sourceid:r,catname:q,catUrl:z,catabbr:s,parentid:t,parentCatname:u,title:p,urlName:"biopharma-star-genor-bio-inks-mega-deal-to-take-its-dual-targeting-antibody-overseas",subtitle:c,tags:c,tagsArray:a,originalTags:c,thumb:"https:\u002F\u002Fupload.echemi.com\u002F2024\u002F0806\u002F1722939244926.png",published:A,publishedDatetime:"2024-08-06 18:14:00",description:x,editor:B,content:"\u003Cp\u003E\u003Cspan style=\"font-family: Arial; font-size: 18px; text-indent: 2em;\"\u003ERecently, the Hong Kong stock market's innovative pharmaceutical giant - Genor Biological (06998.HK) and the United States biotechnology company TRC2004,Inc. 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For decades, Vinaldom has successfully served the local market with high-quality concrete construction products.",editor:c,content:"\u003Cp\u003E\u003Cspan style=\"text-indent: 2em; font-family: arial, helvetica, sans-serif; font-size: 18px;\"\u003ESika has acquired Vinaldom, a Dominican Republic-based construction chemicals company. For decades, Vinaldom has successfully served the local market with high-quality concrete construction products. The acquisition strengthens Sika’s position in the fast-growing Dominican market and provides significant cross-selling opportunities throughout the Caribbean.\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cspan style=\"font-family: arial, helvetica, sans-serif; font-size: 18px;\"\u003E \u003C\u002Fspan\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cspan style=\"font-family: arial, helvetica, sans-serif; font-size: 18px;\"\u003EVinaldom is a family-owned company with a long history and a strong and loyal customer base. 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China Resources Sanjiu, as an important chess piece of China Resources Group in the pharmaceutical field, has been actively enhancing its market influence and business coverage through merger and acquisition strategies in recent years. The acquisition of Tasly will undoubtedly add new weight to its position in the pharmaceutical market.\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cspan style=\"font-family: arial, helvetica, sans-serif; font-size: 18px;\"\u003E\u003Cfont face=\"Arial\"\u003EFor CR 39, the acquisition of Tasly can not only significantly increase its market share and further consolidate its leading position in the field of traditional Chinese medicine and prescription drugs, but also help integrate the resources of the two sides and enhance the overall competitive strength. By absorbing Tasly's high-quality product lines and research and development capabilities, CR 39 is expected to achieve new breakthroughs in product development and market development.\u003C\u002Ffont\u003E\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cspan style=\"font-family: arial, helvetica, sans-serif; font-size: 18px;\"\u003E\u003Cfont face=\"Arial\"\u003EFor Tasly, the transfer of part of the equity to China Resources 39 is also a strategic adjustment made in the current competitive environment of the pharmaceutical industry. Through this transaction, Tasly will receive a substantial cash injection, which will help to optimize its financial structure and alleviate possible financial pressure. At the same time, with the huge resources and market channels of China Resources 39, Tasly can better promote the layout of its products in the country and even the world, and lay a solid foundation for future sustainable development.\u003C\u002Ffont\u003E\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cspan style=\"font-family: arial, helvetica, sans-serif; font-size: 18px;\"\u003E\u003Cfont face=\"Arial\"\u003EThis transaction reflects the deep consolidation and transformation that the Chinese pharmaceutical industry is undergoing. With the increasingly strict supervision of the industry and the intensification of market competition, large pharmaceutical groups continue to optimize the allocation of resources and improve the concentration of the industry through mergers and reorganizations. According to relevant data, in recent years, the number and scale of mergers and acquisitions in China's pharmaceutical industry have shown an upward trend, which undoubtedly indicates that the future competition pattern of the pharmaceutical market will be clearer, and the position of the industry leader will be more stable, which is conducive to the healthy and orderly development of the industry.\u003C\u002Ffont\u003E\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cspan style=\"font-family: arial, helvetica, sans-serif; font-size: 18px;\"\u003E\u003Cfont face=\"Arial\"\u003EThe acquisition of Tasly by China Resources 39 is an important milestone for the Chinese pharmaceutical industry and will have a profound impact on both parties and the industry as a whole. 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