echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Active Ingredient News > Endocrine System > Hutchison Pharmaceuticals announces that it has received US$100 million equity investment from Baring Asia Investment Fund

    Hutchison Pharmaceuticals announces that it has received US$100 million equity investment from Baring Asia Investment Fund

    • Last Update: 2021-05-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On April 8, Hutchison Pharma announced that it had reached a final agreement with Baring Asia Investment Fund to issue 100 million US dollars of new shares to Baring Asia’s related funds through private placement, at an issue price of US$30.


    It is understood that Hutchison Medicine obtained all funds equivalent to 3,278,689 American Depositary Shares in this private placement to provide funding for its ongoing research and clinical development.


    According to the 2020 annual results released by Hutchison Medicine in early March, Hutchison Medicine has two products on the market, namely Fruquintinib for the treatment of colorectal cancer and Sofantib for neuroendocrine tumors.


    Fruquintinib was approved for marketing in my country in September 2018 and entered the National Medical Insurance Catalogue in 2019.


    Sofatinib was approved by the National Food and Drug Administration in December 2020, and the unaudited sales for the next two months-January and February 2021 were US$4.


    In addition, the new drug marketing application of Syvotinib has been accepted by the State Food and Drug Administration in 2020 and will be included in the priority review in July 2020.


    The cooperation with Baring Asia may be more helpful to the development and expansion of Hutchison Pharma's innovative oncology drugs in the global field.


    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.