GENE ONLINE|News &
Opinion
Blog

2018-03-06| Asia-PacificIPO

China’s Tasly, TCM Pharma, Plans to List in $1 Billion Hong Kong IPO

by GeneOnline
Share To

China’s Tasly Pharmaceutical Group, a traditional Chinese medicine pharmaceutical company, plans to list its biopharma unit in Hong Kong to raise about $1 billion.

By Joanne Shih

As Hong Kong Exchanges and Clearing (HKEX), the stock exchange operator of the city, is easing up its listing rules to attract early-stage drug developers, this Tianjin-based pharmaceutical company, Tasly, announced to aim at Hong Kong IPO and to list its biopharma branch, Shanghai Tasly Pharmaceutical, in the second half of 2018.

Tasly Pharmaceutical International was incorporated in 1994, and has opened overseas branches and representative offices in 21 nations or regions and 4 chain traditional Chinese medicine clinics in 4 countries after more than ten years of operation. Tasly Holding Group currently has 50-odd branches and subsidiaries and 15,000 employees, and has registered more than 50 products in over 40 countries as adjuvant, health product and functional food, according to its website. On the other hand, Shanghai Tasly was founded in 2001 in China, and the company lunched one drug for treating blood-clot induced heart attacks in 2012.

Sources from Tasly Pharmaceutical Group also indicated that the Shanghai Tasly is considering a pre-IPO fundraising, although the scale has not been confirmed yet. Nonetheless, the people with knowledge of this matter declined to release further details as they claimed that they were not authorized to speak with the media.

Reference
https://www.taslyint.com/index.php
https://www.reuters.com/article/us-tasly-pharma-hongkong-ipo/chinas-tasly-to-list-biotech-arm-in-1-billion-hong-kong-ipo-sources-idUSKBN1GH0JI

Image Source
https://www.reuters.com/article/us-tasly-pharma-hongkong-ipo/chinas-tasly-to-list-biotech-arm-in-1-billion-hong-kong-ipo-sources-idUSKBN1GH0JI

 

©www.geneonline.com All rights reserved. Collaborate with us: service@geneonlineasia.com
Related Post
Moderna To Collaborate With Harbour BioMed On Nucleic Acid-Based Cancer Therapies
2022-11-14
WuXi Biologics, Toregem BioPharma To Develop Tooth-Regenerating Antibody
2022-10-14
Will Biden’s Biomanufacturing Initiative Kill Korean Partnership?
2022-10-12
LATEST
Repairing Genetic Mutations in Neurological Diseases with RNA Targeting Strategy
2022-11-25
AstraZeneca Thailand Wins Two ACES Awards 2022: “Industry Champions of the Year” and “Community Initiative”
2022-11-24
Mabwell Announces the U.S. FDA approval of 9MW3011 (FIC) for IND
2022-11-24
Novartis Shifts Gear To Phase 3 For Anti-Malaria Drug
2022-11-24
Moving Past Animal Models with Better Data for Drug Discovery
2022-11-23
IonOpticks ushers in a new age of proteomics with Aurora Frontier
2022-11-23
Korea Ginseng Corp.: As an adaptogenic herb, Korean red ginseng boosts the human immune response
2022-11-23
EVENT
2022-12-01
BIOCHINA 2022
Online
2022-12-10
64TH ASH ANNUAL MEETING & EXPOSITION
New Orleans, USA
2022-12-14
BIOHK2022
Hong Kong, China
2023-01-07
7th Asia Microbiome Conference
Taipei, Taiwan
Scroll to Top

Create an account with us now to say goodbye to all the pop-ups!