WuXi AppTec announced its expansion of New Jersey site for Laboratory Testing Division (LTD). The total area of WuXi's New Jersey site will thus be doubled to 115,000 square-foot. It will continue focusing on the preclinical and clinical testing ...


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WuXi AppTec Expands Operation Site in New Jersey

Written by Richard Daverman, PhD, Executive Editor, Greg B. Scott.

WuXi AppTec announced its expansion of New Jersey site for Laboratory Testing Division (LTD). The total area of WuXi’s New Jersey site will thus be doubled to 115,000 square-foot. It will continue focusing on the preclinical and clinical testing services for US pharmaceutical and biotech companies, including pharmaceutical kinetics, pharmaceutical dynamics and clinical sample testing. The newly established operation plans to recruit more than 200 staff onsite. More Details....

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Tocagen Granted ApolloBio Greater China Rights of Immunotherapy Candidate for $127 Million

Written by Richard Daverman, PhD, Executive Editor, Greg B. Scott.

Tocagen Inc. licensed its Phase III stage candidate Toca 511 & Toca FC to ApolloBio. The deal includes an upfront payment of $16 million, a near-term $4 million milestone after clinical trials and other additional future payments totaling up to $107 million. The deal is worth of $127 million in total. According to the deal terms, ApolloBio will gain exclusive rights of Toca 511 & Toca FC and will be responsible for developing and commercializing the candidate in Greater China, including mainland China, Hong Kong, Macao and Taiwan. More details....

Stock Symbol: (Nasdaq: TOCA) (NEEQ: 430187)

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Prenetics Acquires British Consumer Genetic Testing Firm

Written by Richard Daverman, PhD, Executive Editor, Greg B. Scott.

Prenetics, an HK-based genetic testing and digital health company, announced acquisition of DNAFit, a UK-based genetic testing company. DNAFit will bring in B2C channel, adding to the B2B channel that Prenetics currently possesses. This is the first acquisition Prenetics announced after it receiving $50 million from Alibaba Hong Kong Entrepreneurs Fund and Ping An Insurance. More details....

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Philip Partners with Digital China Health to Launch Cloud-Based Imaging Services

Written by Richard Daverman, PhD, Executive Editor, Greg B. Scott.

Royal Philips and Digital China Health launched a cloud-based imaging diagnostic assisting platform called SHINEFLY. It makes an integrated clinical imaging diagnostic platform – IntelliSpace Portal 9.0 available through long distance control, and thus providing a tiered solution pricing for various levels of clinical institutions. More details....

Stock Symble: (NYSE: PHG, AEX: PHIA) 

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Qiming Closes $120 Million US Healthcare Fund; Two General China Funds with $1.2 Billion

Written by Richard Daverman, PhD, Executive Editor, Greg B. Scott.

Qiming Venture Partners closed three new funds with total commitments of $1.4 billion, bringing its total assets under management to $4 billion. One of the funds, the Qiming U.S. Healthcare Fund I ($120 million), will invest in early-stage US healthcare businesses. It will be based in Seattle. The other two funds, with a total of nearly $1.3 billion, are general purpose funds: one dollar based and the other denominated in RMB. These general funds will invest in China and US companies in the internet and consumer, healthcare, information technology and cleantech sectors. More details....

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Written by Richard Daverman, PhD, Executive Editor, Greg B. Scott.


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