RepliCel Life Sciences Inc (TSXV:RP)
RepliCel is a regenerative medicine company developing autologous cell therapies that address diseases caused by a deficit of healthy cells required for normal healing and function.
China regulators have published the definitive set of rules governing IPOs on its new Shanghai High-Tech Board for young companies, which will be a direct competitor to Hong Kong’s pre-revenue IPO channel. The new Shanghai IPO rules offer five sets of financial listing criteria, each one offering an alternative to China’s requirement that companies must have two years of profit before they are allowed to IPO. For biopharma companies, the most attractive set of criteria does not require any income. Instead, a company must list at a valuation of at least $600 million and be approved for, at minimum, a Phase II trial in China.
Source: China Biotoday
