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Gene Therapy, RNA-Focused Biotechs Lead China December Fundraising

Executive Summary

Venture capital and private equity firms pumped a combined $102m into seven Chinese biotechs in major deals announced during December.

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Two Chinese Biotechs Raise $104m To Challenge GSK’s Shingrix

MAXVAX Biotechnology and Beijing Luzhu Biotechnology raise new funds to progress their recombinant herpes zoster vaccine candidates with novel adjuvants, while multiple other ventures in China complete new financings across multiple therapeutic areas and modalities. 

China’s Public Payer Wants To Define Innovative Drugs As Those With ‘Novel Benefits’

China’s public payer perceives innovative drugs in a different way from that of the country’s top drug regulator, a former senior healthcare security official with knowledge of the matter reveals. The posture has unnerved pharma companies, which have been hit by sharp price discounts.

Explained: How China’s Public Payer Wants To Define Innovative Drugs

China’s public payer perceives innovative drugs in a different way from that of the country’s top drug regulator, a former senior healthcare security official with knowledge of the matter revealed during a recent industry event. The disclosure has unnerved pharma companies, which have been hit by sharp drug price discounts that were required by the public payer in exchange for reimbursement coverage.

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