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.
Shanghai Pharmaceuticals formed a JV with Russian biopharma Biocad that will include an initial investment of $250 million and is expected to lead to a $2.8 billion capitalization. The JV will develop six Biocad monoclonal antibodies targeting cancer and autoimmune diseases for China’s market, some or them novel drugs and the rest biosimilars. The initial $250 million investment will underwrite China clinical trials. Originally announced via an MOU signed last year, the partnership was formally inaugurated early this summer in a Moscow ceremony. Source: China Biotoday
