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Laekna Raises $100 Million in Hong Kong IPO for Cancer, Liver Fibrosis Inhibitors

publication date: Jun 29, 2023

Shanghai Laekna Therapeutics completed an IPO on the Hong Kong Exchange that raised $100 million for its portfolio of biologic therapies. The shares traded 20% higher in its first trading day. Founded in 2016, the company has a portfolio consisting of two core products, both in-licensed from Novartis, plus 14 other pre-clinical candidates aimed at cancer and liver fibrosis. It has started six clinical trials for its two lead projects, including three multi-regional studies, one of which is a pivotal trial. The company will use the funds to advance its portfolio and build a manufacturing facility. More details....

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