cognitive cybersecurity intelligence

News and Analysis

Search

Ascentage Has First U.S. Biotech IPO of 2025, Raising $126M to Bring Its Cancer Meds to the World

Ascentage Pharma, a China-based drug maker, has raised $126.4m from a US IPO that will primarily support its two late-stage cancer therapies. Currently, its only commercial product is olverembatinib, approved as a treatment for some chronic myeloid leukaemia patients in China. The IPO funds will also support the development and potential commercial launch of its blood cancer drug, lisaftoclax. Ascentage has been trading on the Hong Kong Stock Exchange since 2019.

Source: medcitynews.com –

Subscribe to newsletter

Subscribe to HEAL Security Dispatch for the latest healthcare cybersecurity news and analysis.

More Posts