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Latest From Carole Goldsmith
Going public via an IPO or being acquired are two ways that Asian biotech companies can grow their business, and some of the issues involved in both approaches come under discussion at a panel session at a recent conference in Singapore.
A China-based IVD company, spun out of an Australian medical research institute, is seeking investors to support its plans for the 2018 launch its first two point-of-care tests for patients with infectious diseases including HIV and viral hepatitis.
Speakers from the legal, corporate and contract research sectors discussed the fast-moving changes that are impacting the legal and regulatory aspects of doing business in China at the recent AusBiotech conference in Melbourne, providing a broad range of advice for Australian and other pharma and biotech companies wanting to enter the rapidly expanding Chinese life sciences market.
The Public Health Association of Australia has expressed concerns over leaked TRIPS-plus intellectual property proposals from the planned Asian Regional Comprehensive Economic Partnership agreement, while Medicines Australia says the planned Trans Pacific Partnership has the potential to establish high regional standards for IP protection.
With some research valuing China’s strongly growing medical devices market at already more than $16 billion, the fourth-largest in the world and the second in Asia behind Japan, serious consideration of the sector has become critical. Speakers at the recent AusBiotech conference in Melbourne provided valuable insight for medtech companies wanting to better understand or enter China’s medical devices market.
South Korea’s Boryung Pharm has now signed $1 billion worth of global agreements for its antihypertensive Kanarb, while U.S. regenerative medicine company Orgenesis, which is working to cure type 1 diabetes with technology that combines cellular and regenerative therapy, has signed collaborative deals with two Korean partners, a recent meeting in Seoul heard.