AkesoBio Files for $300 Million Hong Kong IPO to Develop Antibody Portfolio

23:51 EST 6 Feb 2020 | ChinaBio Today

AkesoBio, a Zhongshan novel drug discovery and development biopharma, filed for a $300 million Hong Kong IPO to develop its portfolio of novel mono- and bi-specific antibodies. The company has built a portfolio of 18 mAbs that are in either CMC or clinical stages of development for oncology, inflammation, autoimmune and cardiovascular diseases. In general, Akeso develops bispecific antibodies using a PD-1 antibody as a backbone. Late last year, Akeso Biopharma closed a $150 million Series D round of financing led by Loyal Valley Capital and Sino Biopharm. More details....

Stock Symbol: (HK: 1177)

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