June 7, 2019 11:00 AM EDTUpdated July 3, 10:27 AM
Financing
China

Han­soh grabs $1B wind­fall in the lat­est Chi­na phar­ma IPO to hit the Hong Kong ex­change

John Carroll

Editor & Founder

Hui­juan Zhong Han­soh

Chi­na’s fast-grow­ing phar­ma pow­er­house Han­soh Phar­ma­ceu­ti­cal has raised a bil­lion dol­lars in the lat­est IPO to hit the Hong Kong ex­change. And the green shoe could push that up to $1.15 bil­lion, ac­cord­ing to the Fi­nan­cial Times.

The fi­nan­cial news group re­port­ed that Han­soh hit the top of its range, sell­ing 551 mil­lion shares at $1.82 each. Rough­ly half of that wind­fall will go to R&D, with the oth­er half ear­marked for their man­u­fac­tur­ing, sales and mar­ket­ing or­ga­ni­za­tion.

The com­pa­ny is run by founder Hui­juan Zhong, book­ing around $1.15 bil­lion in rev­enue for 2018. Much of that cash came from sales of gener­ic olan­za­p­ine as well as their knock­off of peme­trexed, a chemother­a­py.

 

So­cial im­age: Shut­ter­stock

AUTHOR

John Carroll

Editor & Founder

john@endpointsnews.com @JohnCendpts
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Sean Dodge

Healthcare Technology Analyst, RBC Capital Markets

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Key points

Tech-enabled healthcare providers are poised to help the US transition to value, not volume, as the basis for reward.
The move to value-based care has policy momentum, but is risky and complex for clinicians.
Outsourced tech specialists are emerging to provide the required expertise, while healthcare and tech are also converging through M&A.
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R&D
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Brii Bio­sciences stops man­u­fac­tur­ing Covid-19 an­ti­body com­bo, plans to with­draw EUA re­quest

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Associate Editor

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R&D
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March 24, 2023 11:40 AM EDTUpdated 05:37 PM
R&D
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Ly­me vac­cine test com­ple­tion is pushed back by a year as Pfiz­er, Val­ne­va say they'll ad­just tri­al

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Stuart Peltz, former PTC Therapeutics CEO
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Stu­art Peltz re­signs as PTC Ther­a­peu­tics CEO af­ter 25 years

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March 24, 2023 11:10 AM EDTUpdated 02:13 PM
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Editor

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Senior Editor

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Senior Editor

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Han­soh grabs $1B wind­fall in the lat­est Chi­na phar­ma IPO to hit the Hong Kong ex­change

Has the mo­ment fi­nal­ly ar­rived for val­ue-based health­care?

Up­dat­ed: Ex-Seagen chief Clay Sie­gall emerges as CEO of pri­vate biotech

Brii Bio­sciences stops man­u­fac­tur­ing Covid-19 an­ti­body com­bo, plans to with­draw EUA re­quest

No­vo Nordisk oral semaglu­tide tri­al shows re­duc­tion in blood sug­ar, plus weight loss

Ly­me vac­cine test com­ple­tion is pushed back by a year as Pfiz­er, Val­ne­va say they'll ad­just tri­al

Stu­art Peltz re­signs as PTC Ther­a­peu­tics CEO af­ter 25 years

Bet­ter Ther­a­peu­tics cuts 35% of staff while await­ing dig­i­tal ther­a­peu­tic ap­proval

FDA spells out how can­cer drug de­vel­op­ers can use one tri­al for both ac­cel­er­at­ed and full ap­provals

FDA ad­vi­sors unan­i­mous­ly rec­om­mend ac­cel­er­at­ed ap­proval for Bio­gen's ALS drug