Sino Biopharmaceutical (HK:1177) has released an update.
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Sino Biopharmaceutical has acquired a 4.91% equity stake in LaNova Medicines with an investment of RMB142 million, marking a strategic partnership to advance innovative cancer treatments. This collaboration aims to expedite the development and commercialization of LaNova’s promising drug pipeline, including the groundbreaking LM-108 monoclonal antibody targeting multiple cancers. The investment underscores Sino Biopharmaceutical’s commitment to enhancing its oncology portfolio and supporting innovative cancer therapies.
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