Fol­low­ing foot­steps of chart-top­ping Chi­nese coun­ter­parts, Al­pham­ab On­col­o­gy files IPO at HKEX

Less than two months af­ter rais­ing $60 mil­lion — its sec­ond ven­ture round in a decade — Al­pham­ab is mak­ing the hop for the pub­lic mar­kets.

In its IPO fil­ing with the Hong Kong stock ex­change, the Suzhou-based com­pa­ny de­scribes in more de­tail a game plan it sketched out in May: Beat down a di­rect path to mar­ket for its two lead bis­pecifics by run­ning mul­ti­ple par­al­lel clin­i­cal pro­grams, while prep­ping for the po­ten­tial com­mer­cial­iza­tion of its sub­cu­ta­neous PD-L1 and ad­vanc­ing an­oth­er CT­LA-4-based im­muno­sup­pres­sant.

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