Set to be the first pre-rev­enue biotech to list in Hong Kong, As­cle­tis lays out pri­or­i­ties in IPO ap­pli­ca­tion

As­cle­tis is get­ting the ball rolling on the first pre-rev­enue biotech IPO in Hong Kong.

Hangzhou-based As­cle­tis, whose in-house he­pati­tis C drug is on the brink of ap­proval, has ap­plied to list on the stock ex­change of Hong Kong. If it goes through, the bulk of the cash will go to­ward four core prod­ucts, which are in NDA, Phase III, Phase II, and Phase I stages re­spec­tive­ly.

Found­ed by ex-GSK ex­ec Wu Jinzi in 2011, As­cle­tis has a rep­u­ta­tion in Chi­na for be­ing the first do­mes­tic com­pa­ny to de­vel­op a hep C cure. The drug, Gano­vo, is ex­pect­ed to be ap­proved in Q3 of 2018. The team plans to fol­low that up with an­oth­er HCV treat­ment, ravi­dasvir (in-li­censed from Roche), along with HIV drug ASC09, and liv­er can­cer ther­a­py HASC06.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER