SpaceX raising $500 million, pushing valuation to $30.5 billion: Report

SpaceX raising $500 million, pushing valuation to $30.5 billion: Report

SpaceX is reportedly planning to use the new cash to build its massive satellite internet project, called Starlink. The Wall Street Journal says the capital comes from existing shareholders as well as new investor Baillie Gifford, a Scottish...

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Roxadustat approved in China for the treatment of anaemia in chronic kidney disease patients on dialysis

Roxadustat approved in China for the treatment of anaemia in chronic kidney disease patients on dialysis

AstraZeneca today announced that its partner FibroGen (China) Medical Technology Development Co., Ltd. (FibroGen China) has now received formal marketing authorisation from the National Medical Products Administration (NMPA) for roxadustat, a...

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Aptorum Group Limited Announces Closing of Initial Public Offering

Aptorum Group Limited Announces Closing of Initial Public Offering

Aptorum Group Limited (“Aptorum”, or the “Company”), a Hong Kong based pharmaceutical company currently in the preclinical stage, dedicated to developing and commercializing therapeutic projects and diagnostic technologies to tackle unmet medical...

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VoxelCloud Raises $50 Million for AI-based Clinical Decision Support

VoxelCloud Raises $50 Million for AI-based Clinical Decision Support

VoxelCloud closed a $50 million Series B funding to support its AI-based automated medical image analysis and clinical decision support systems. Founded in 2015, VoxelCloud has offices in Los Angeles, Suzhou and Shanghai. The company believes its...

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New York Governor Cuomo aims to legalise recreational marijuana use

New York Governor Cuomo aims to legalise recreational marijuana use

New York Governor Andrew Cuomo on Monday said legalising marijuana for recreational use would be one of his top legislative priorities next year. The move, which would add New York to the list of 10 U.S. states and the District of Columbia that...

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McKesson’s Change Healthcare is close to buying blockchain health-tech start-up PokitDok

McKesson’s Change Healthcare is close to buying blockchain health-tech start-up PokitDok

McKesson’s Change Healthcare is close to buying PokitDok, a health-tech start-up that is best known for trying to apply blockchain technology to health care transactions. PokitDok raised more than $55 million in venture capital...

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Innovent Biologics and Incyte Announce Strategic Collaboration and Licensing Agreement for Three Clinical-stage Product Candidates in China

Innovent Biologics and Incyte Announce Strategic Collaboration and Licensing Agreement for Three Clinical-stage Product Candidates in China

Incyte (NASDAQ:INCY) and Innovent Biologics, Inc. (Innovent) (HKEX: 01801) today announced that the companies, through their respective subsidiaries, have entered into a strategic collaboration agreement for three clinical-stage product...

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Lilly says Taltz superior to Humira in late-stage psoriatic arthritis trial

Lilly says Taltz superior to Humira in late-stage psoriatic arthritis trial

Eli Lilly and Co said on Monday its psoriatic arthritis drug, Taltz, was found to be more effective than the world’s best-selling prescription medicine, AbbVie Inc’s Humira, in a late-stage trial. The trial was the first of its kind to test Taltz...

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I-Mab Out-Licenses Rights for Diabetes Drug to CSPC for $22 Million

I-Mab Out-Licenses Rights for Diabetes Drug to CSPC for $22 Million

I-Mab Biopharma of Shanghai partnered greater China rights for its long-acting GLP-1 Fc type 2 diabetes product to CSPC Pharma in a $22 million agreement. TG103’s long-acting formulation allows once-weekly or bi-weekly subcutaneous...

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Cerveau Technologies, Inc. to Support a First Clinical Study in Asia of a Novel Biomarker of Alzheimer’s Disease

Cerveau Technologies, Inc. to Support a First Clinical Study in Asia of a Novel Biomarker of Alzheimer’s Disease

Cerveau Technologies Inc. today announced that the Memory Aging and Cognition Centre (MACC) at the National University Health System (NUHS) in Singapore has initiated a study with an early stage imaging agent [18F]MK-6240 to be used in Positron...

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Wuxi AppTec, Juno Therapeutics Hope to Release CAR-T Cancer Treatment by 2020

Wuxi AppTec, Juno Therapeutics Hope to Release CAR-T Cancer Treatment by 2020

A joint venture between China’s largest small molecule pharma researcher Wuxi AppTec Group and leading American pharma Juno Therapeutics plan to bring a new cancer immunotherapy to the market by 2020. JW Biotechnology will make the drug at...

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Alibaba’s Healthcare Tech Takes Aim at Flu Season in Macao

Alibaba’s Healthcare Tech Takes Aim at Flu Season in Macao

Chinese e-commerce giant Alibaba Group Holding is putting its artificial intelligence tech to work in Macao, where it hopes to provide a new way of predicting and preventing endemic diseases. Hangzhou-based Alibaba fed machine learning tools with...

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