With its sale to AstraZeneca, Gracell blazes exit trail for cash-challenged Chinese biotechs 亙喜生物賣身阿斯特捷利康 爲中國藥企指引新出路?
The Chinese cell therapy specialist, whose core product is still in phase 1 trials, will avoid future cash flow difficulties by selling itself to the European giant. 亙喜生物專注細胞療法賽道,其進展最快的核心產品仍處於臨牀一期階段,未來將在中、美展開多項臨牀試驗,此舉有望規避現金流不足風險。
Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.