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03
2021-12

Biotheus' Bifunctional Therapeutic PM8001 has been Approved by the USFDA to Enter Phase II Studies

Time of issue: : 2021-12--03
Biotheus Inc., has announced that its proprietary anti-PD-L1/TGF-β bifunctional therapeutic, named PM8001, has been approved by the USFDA (United States Food and Drug Administration) for conducting clinical phase II studies as part of an international multicenter clinical trial. PM8001 enhances anti-tumor immune responses by blocking PD-L1/PD-1-mediated checkpoint signals and neutralizes TGF-β in the tumor microenvironment. PM8001 has a smaller size than a conventional antibody (~110 kDa) that could potentially improve its tumor penetration efficiency and is also depleted of its Fc-related effector function to mitigate any potential off-target effects. PM8001 was approved for phase I clinical studies by the Chinese NMPA in March 2020. The results from this phase I study show that PM8001 is safe and well tolerated by patients. Tumor shrinkage has also been observed on a variety of advanced solid tumors. The current plans are to investigate these exciting observations further as a single agent and in combination studies. This positive phase I data was used for the subsequent application and approval of phase II clinical studies that will be conducted in China and the US. This is a critical development milestone for Biotheus, for the development of their proprietary assets, and to foster important collaborations with experts from around the world. Mr. Liu Xiaolin, Chairman and CEO of Biotheus, stated: "PM8001 is the first anti-tumor bifunctional therapeutic asset that we have invested substantial resources to advance forward. The successful approval from the (US)FDA is both a recognition and encouragement for our team's efforts and preliminary clinical data. Biotheus has started to implement a strategic pathway to globalize our product pipeline. We are excited for PM8001 and looking forward to promote our other upcoming assets on the global stage". About Biotheus Inc. Biotheus Inc. is a biotechnology company based in Zhuhai, Guangdong, China with multiple clinical-stage assets under clinical development. Biotheus' management team has broad experience from drug discovery to NDA filing in the US and China and is developing a broad me-better/novel target pipeline focused on immuno-oncology and inflammatory diseases. While aiming to develop their leading assets towards market authorization, Biotheus is actively looking for late-stage clinical and commercialization partners to deliver their next-generation therapeutics to patients worldwide.
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15
2021-06

Biotheus and iCamuno Reached a Strategic Collaboration to Jointly Develop Two iPSC-CAB-NK Cell Therapy Products

Time of issue: : 2021-06--15
 Biotheus recently announced to have reached global strategic collaboration with iCamuno Biotherapeutis (Suhou) Co., Ltd. (iCamuno). With iCamuno’s iPSC NK cell therapy technology and Biotheus’s preclinical and clinical R&D capabilities, both parties will work together to develop two iPSC-CAB-NK cell therapy products for treating multiple solid tumors. Biotheus devotes in developing innovative biological drugs in the field of tumor immunotherapy. Its “CAB” structural cell therapy platform, with independent intellectual property rights, has notable results in treating tumors. iCamuno owns many key technologies in the iPSC cell therapy field, and has built an effective iPSC cell platform to provide patients with efficient, safe and affordable cell therapy through targeted intelligent modification to make iPSC-sourced NK cells more powerful in killing tumors. iCamuno’s tech advantage in iPSC field highly aligns with Biotheus’ industry advantage in tumor immunotherapy field. With this collaboration, both parties will advance the development of the project in the hope of providing new treatment for patients. About Biotheus Biotheus was incorporated in 2018 and it has carried on its start-up vision “to inspire each other and create effective drugs for humankind”, as well as focused on malignant tumors and autoimmune diseases while dedicating to the R&D and industrialization of the national category Ⅰ innovative biological drugs. Since establishment, the company has constructed a product pipeline of over 10 monoclonal antibody and bispecific antibody national category Ⅰ innovative biological drugs, of which 3 anti-tumor new drugs are under I-II phase clinical research, and a forth one has been submitted for clinical trials in May 2021. Biotheus will continue to put more into R&D and more new drugs are expected to enter clinical phase by the end of 2021.  About iCamuno  iCamuno is a biotech company focusing on iPSC cell therapy platform building and multiple universal cellular therapies. Its founding team has profound technical accumulation in iPSC, gene editing, stem cell differentiation and other cutting-edge fields and owns many independent intellectual property rights. The relevant achievements of the core founding team have been widely reported and commented by official media at home and abroad, such as Science and Technology Daily, XinhuaNet, ScienceNet, China News, Los Angeles Times and so on. With its leadership, iCamuno has developed rapidly and established a team with rich experience in operation management, pipeline R & D, clinical research, industrialization and other fields. At present, the company has various independent R & D pipelines and has cooperated with many other companies to actively promote the clinical application of universal cellular therapy.
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03
2021-03

Biotheus Announces the Closing of a New Round of Financing co-led by General Atlantic and IDG Capital

Time of issue: : 2021-03--03
ZHUHAI, China, March 2, 2021 /PRNewswire/ -- Biotheus has announced the successful completion of a fourth round of financing, co-led by General Atlantic, a leading global growth equity investor, and IDG Capital, a global leading investment firm. Other new investors include Kunlun Capital, CPE, and Cowin Capital, with participation by previous investors Highlight Capital, Shiyu Capital, New Alliance Capital, Huajin Investment, and others. Founded in 2018, Biotheus is a clinical development stage company with the mission of treating cancer and autoimmune diseases through next-generation therapeutics. This is supported by the company's product pipeline, which consists of over 10 novel monoclonal and multispecific antibodies. Biotheus currently has two bispecific antibodies in phase I clinical development for cancer treatment, and a third IND application was submitted at the end of 2020. With this new investment, Biotheus will further increase its investment into its research activities with the aim to have five novel drugs into clinical development by the end of 2021, and drive multiple programs into late-stage clinical development. Regarding this round of financing, Mr. Xiaolin Liu, President and CEO of Biotheus, remarked: "we are pleased that our efforts have been recognized and supported by leading investors like General Atlantic and IDG Capital. The continued support from our previous investors is also testament to our company's progress, execution and the strength of our pipeline. This round of financing will fund the development of our existing product pipeline and the construction of our manufacturing facility. With the strong support of all our investors, we will fully drive the development of our product pipeline, strengthen our position in the global market for cancer immunotherapy, and bring much-needed innovative treatments and options to a larger population of cancer patients." Mr. Lefei Sun, Managing Director and Head of Healthcare for China at General Atlantic, added: "In a short period of time, Biotheus has developed a differentiated and competitive pipeline of next-generation therapies, underpinned by an efficient R&D engine and a premier founding team with a successful track record of antibody development. Taken together, we believe that Biotheus is strongly positioned as an emerging player in the global biopharmaceutical landscape. We look forward to supporting Biotheus and its leadership team to accelerate the development of their deep product pipeline and advance innovative, life-saving cancer treatments to the commercial stage." "Led by Mr. Xiaolin Liu, the core team of Biotheus has extensive experience in the development of novel antibody drugs," said Mr. Tao Huang, Vice President of IDG Capital. "Biotheus has built multiple platforms critical for drug development and a product pipeline with a strong competitive advantage. The construction of their manufacturing base has also begun. We believe Biotheus has significant growth potential." About Biotheus Founded in 2018, Biotheus is an up-and-coming biotech company focused on curing malignant tumors and autoimmune diseases. Biotheus is committed to research and development, and commercialization of first-class innovative biologics mainly through the discovery of next-generation multispecific antibodies. Biotheus has completed four rounds of financing. In addition, Biotheus has received support from the Zhuhai government through a number of initiatives and policies that drive local innovation. About General Atlantic General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build market-leading businesses worldwide. General Atlantic has more than 175 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai and Singapore. For more information on General Atlantic, please visit the website: www.generalatlantic.com. About IDG Capital Started from 1993, IDG Capital was the first firm to bring foreign venture capital into China. IDG Capital has always been pursuing long-term value investing and focused on developing extraordinary companies through our expertise in private equity and venture capital. After nearly 30 years of development, IDG capital has accumulated asset under management of about 150 billion RMB, invested more than 1,000 companies and with over 200 successful exits. IDG Capital focuses on leading companies in the fields of TMT, new consumer and service, entertainment, healthcare, advanced manufacturing and clean energy, with companies expanding from early stage to growth stage, IPO and M&A. IDG Capital investment portfolio
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20
2020-10

Biotheus and Kintor Reached a Strategic Cooperation Agreement on the Development of Biological Drugs

Time of issue: : 2020-10--20
Biotheus recently announced to have reached a strategic collaboration agreement on biological drugs development with Kintor Pharmaceutical Limited (Kintor). Through the collaboration, both parties will work together to give full play to their respective advantages, and promote and expand each other’s biological drugs development strategy to build a solid foundation for future more in-depth cooperation. Mr. Liu Xiaolin, the founder and Chairman of Biotheus said, “We are very delighted to have entered into the strategic cooperation agreement with Kintor Pharmaceutical. We thank Kintor Pharmaceutical for their confidence and recognition to our innovative drugs, R&D team as well as technology platform. We will explore the development and clinical strategies of biological drugs with Kintor Pharmaceutical in order to identify better solutions.” Dr. Tong Youzhi, the founder, Chairman and CEO of Kintor Pharmaceutical indicated, “Biotheus maintains a leading position in terms of the experience in large molecules industry. The cooperation between Kintor Pharmaceutical and Biotheus will boost the R&D and expansion of antibody drug for our company, and it is also beneficial to the exploration of more comprehensive treatments during the clinical phase, which will help our company step into a new stage that enables the thriving for both small molecules and large molecules of Kintor Pharmaceutical.” About Biotheus  Biotheus was incorporated in July 2018 with a registered capital of USD 75 million. Biotheus has carried on its start-up vision “to inspire each other and create effective drugs for humankind”, focusing on malignant tumors and metabolic diseases while dedicating to the R&D and industrialization of the national category I innovative biological drugs, prioritizing the R&D of a new generation dual targeting antibody drugs. Since the establishment of Biotheus, three rounds of financing have been completed. Meanwhile, it has entered into a cooperation agreement with Zhuhai Gaoxin District government and received several supporting measures from the government, and it was also awarded as Zhuhai Unicorn Enterprise (potential enterprise), China Nezha Enterprise 2019, and China 50 Most Innovative Biopharmaceutical Companies 2019. Biotheus has constructed a product pipeline of over 10 national innovative biological drugs, of which 2 new antibody drugs have been approved for clinical trial. According to product development plan, 5 new antibody drugs will successively enter clinical research phase by the end of 2021. About Kintor Founded in 2009, Kintor concentrates on the R&D and industrialization of “best-in-class” and “first-in-class” innovative drugs, and strives to become a leading enterprise in the R&D and commercialization of innovative therapies. The Company, after years of development, has centered upon androgen receptor (AR) related diseases, and researched and developed product portfolios in multiple channels covering cancers with a globally high incidence and illnesses yet to meet their clinical requirements, such as prostate cancer, breast cancer, liver cancer and hair loss. Kintor Pharmaceuticals has prospectively deployed a diversified product pipeline that includes small molecule innovative drugs, bio-innovative drugs and combination therapies, including 5 products that are undergoing clinical research, such as androgen receptor antagonists, ALK-1 monoclonal antibody, mTOR kinase inhibitors and Hedgehog/SMO inhibitors, as well as PD-L1/TGF-β dual-targeting antibody, AR-Degrader and c-Myc inhibitors that are undergoing preclinical research. Globally, the Company has more than 60 patents obtained or under review, many of which are listed as the “Major New Drugs Discovery” in National 12th and 13th Five-Year Plans. On May 22, 2020, the Company was officially listed on the Hong Kong Stock Exchange with the stock code 9939.HK.
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15
2020-10

Biotheus and Shanghai East Hospital Reached a Strategic Cooperation to Jointly Carry Out Clinical Research on Innovative Anti-tumor Drugs

Time of issue: : 2020-10--15
On October 14, 2020, the signing ceremony of strategic collaboration between Biotheus and Shanghai East Hospital was held in Shanghai. Attending the signing ceremony were Liu Zhongmin, president of Shanghai East Hospital, Professor Li Jin, director of Department of Oncology, Professor Guo Ye, director of Phase I Clinical Trial Center, Shi Yan, director of Clinical Trial Institution Office, Zhang Min, director of South Texas Accelerated Research Therapeutics(START) (Shanghai) , Mr. Liu Xiaolin, president of Biotheus, Mr. Hu Guoqiang, Biotheus’ chief medical officer, Professor Li Bin, chairman of Scientific Committee, as well as representatives of investors. According to the collaboration agreement, Biotheus and Shanghai East Hospital will integrate their respective advantageous resources, carry out in-depth cooperation in the clinical research of multiple anti-tumor innovative drugs, realize resource exchange and complement each others’ strength, accelerate the development of new anti-tumor drugs, and bring the drugs with excellent curative effect and high quality to the market as soon as possible, benefiting the majority of cancer patients in China and even in the world. At the signing ceremony, Professor Li Jin first delivered a speech on behalf of the hospital and expressed his gratitude for the convening of the signing ceremony and Biotheus’ affirmation of the clinical trial experience of Shanghai East Hospital. He also stated, “The R&D of new anti-tumor drugs has always been a hot topic in clinical research. With recent discovery of new technologies and new targets, more and more innovative drugs have entered into clinic trials. Despite all that, the field still faces the common problems of high development risk and low R&D efficiency. Only with the joint cooperation of hospitals and pharmaceutical enterprises can it accelerate the development process and timely screen out more successful potential drugs that are able to resolve the burden of major diseases. We understand that the core team of Biotheus has abundant experience in the field of tumor immunotherapy. We look forward to working with Biotheus R&D team to promote the clinical research of new drugs quickly, efficiently, scientifically and rigorously, and further improve the clinical research level of Shanghai East Hospital to achieve win-win results for both sides.” Mr. Liu Xiaolin, CEO of Biotheus, delivered a speech on behalf of the company, saying, “Clinical research is a phase with the longest investment cycle and the largest capital in the whole process of new drug development. As an innovative drug company focusing on the field of cancer, Biotheus will have a wide range of candidate products successively promoted to the clinical research phase. Therefore, we have set up a clinical research center in Shanghai and actively seek cooperation with professional and authoritative clinical research institutions and teams. Shanghai East Hospital has a domestic first-class technical expert team with rich experience in the early clinical research of new anti-tumor drugs. We are honored to cooperate with such an excellent team. We hope that both sides will work together in the future to bring more products with excellent curative effect and high quality to the patients as soon as possible.” Mr. Hu Guoqiang, CMO of Biotheus, introduced the company’s product pipeline. At present, the R&D pipeline has covered the fields of bispecific antibody, oncolytic virus and cell therapy. The first bispecific antibody anti-tumor target new drug (PM8001) is carrying out phase I clinical research and is progressing smoothly. It is expected that 5 anti-tumor biological drugs will enter into the clinical research phase by 2021. Professor Guo Ye from Shanghai East Hospital introduced in details about the situation in START-East Clinical Phase I Trial Center of New Drugs, which has become one of the largest phase I clinical trial centers for new drugs R&D in China. Since its establishment of three years, more than 70 projects have been taken and carried out, covering new therapeutic methods such as immune checkpoint inhibitors, cell therapy and targeted therapy. The center has accumulated rich experience in the early clinical research of new anti-tumor drugs. President Liu Zhongmin fully affirmed the significance of this strategic collaboration, and put forward higher expectations and requirements for Biotheus and the oncology department of the hospital. He looked forward to closer cooperation between the two sides in new drug R&D and academic exchanges, not only developing domestic and even international leading anti-tumor drugs, but also bringing new models of R&D and application, new economic growth points as well as new business model through innovation. About Biotheus Incorporated in 2018, Biotheus has carried on its start-up vision “to inspire each other and create effective drugs for humankind”, focusing on malignant tumors and metabolic disease
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29
2020-06

Biotheus Announces the Completion of the Third Round of Financing

Time of issue: : 2020-06--29
Recently, Biotheus announced the successful completion of a third round of financing. This round of financing is jointly funded by leading investor New Alliance Capital, new investors HANNE Capital, etc., and original investors Highlight Capital, Shiyu Capital and HuaJin Capital. Since its establishment in 2018, Biotheus has constructed a product portfolio of over 10 monoclonal antibody and biospecific antibody categoryⅠinnovative biological drugs, covering treatment fields of tumors and metabolic diseases. The first bispecific antibody new drug (PM8001) has been approved and is under phase I clinical research. PM8001 is based on single domain antibody with small molecular weight and good stability, it targets two tumor related targets including PD-L1 at the same time, so as to improve the anti-tumor activity and curative effect. It is expected to provide brand new clinical solutions for cancer patients after market launched in the future. According to the product chain development plan, 5 innovative drugs are expected to enter clinical research phase by the end of 2021. At the same time, in the process of product chain development, Biotheus will also actively seek strategic cooperation in many aspects to quickly advance the process of new drug development. "Over the past two years, with the support of investors and local governments and the joint efforts of the team, Biotheus has made smooth progress in product development, improvement of R&D facilities and team construction, and successfully completed all set goals." Mr. Liu Xiaolin, President of Biotheus, said, "I'm glad that the achievements and development potential of the company have been recognized by new investors such as New Alliance Capital. We have completed three rounds of financing. This is the largest one, and all the funds obtained will be used to support the development of new drugs and enterprise operation of the company." Mr. Wu Zonghe, partner of New Alliance Capital indicated: "Just two years after its establishment, Biotheus has emerged in the domestic biomedical industry and developed very rapidly. We recognize Biotheus’ corporate philosophy and future development plan, and hope that our participation can help Biotheus quickly promote the development progress of innovative drug product portfolio, strive for the early launching of new drugs and benefit the majority of patients." Ms. Jiang Yanye, spokesman of Highlight Capital stated: "Since the start of Biotheus, we have been paying attention to the company and supporting the development of it. We are very happy and gratified to see the achievements made by Biotheus in the past two years. In the future, we will continue to spare no effort to provide support and help and grow together with Biotheus." About Biotheus Biotheus was incorporated in 2018 and has carried on its start-up vision “to inspire each other and create effective drugs for humankind”, as well as focused on malignant tumors and metabolic diseases while dedicating to the R&D and industrialization of the national category I innovative biological drugs, prioritizing the R&D of a new generation dual targeting antibody drug. Since the establishment of Biotheus, three rounds of financing have been completed. Meanwhile, it entered into a cooperation agreement with Zhuhai Gaoxin District Government and received several supporting measures from the Gaoxin District Government as a result, while being recognized as Zhuhai Unicorn Enterprise (potential enterprise). About New Alliance Capital Founded in 2008, New Alliance Capital is a fund management company focusing on private equity and venture capital. It manages a number of funds with total assets of more than 10 billion RMB. Its main investors include well-known state-owned enterprise groups, professional master funds, government guidance funds and listed companies. The main investment directions of New Alliance Capital include science and technology / media, medical and health fields, covering early phase, growth phase, mature phase and other phases. So far, more than 70 investments have been completed, including more than 20 IPO / listing enterprises at home and abroad, and a number of industry leaders have been cultivated.
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