AkesoBio, a Zhongshan developer of novel mono- and bi-specific antibodies, staged a $335 million Hong Kong IPO and climbed 50% higher in its first trading session. The company’s general strategy is to develop bispecific antibodies using a PD-1 antibody as a backbone. It has built a portfolio of 18 mAbs that are in either CMC or clinical stages of development. Last year, Akeso formed a $100 million JV with a Sino Biopharma subsidiary to develop and commercialize AK105, its clinical-stage anti-PD-1 mAb.
Source: China Biotoday
