Shanghai Kinetic Medical, which makes orthopedic devices for the spine, raised $59 million in an IPO on the ChiNext Exchange; Eli Lilly invested an additional $20 million in Novast Labs of Nantong with the goal of developing a portfolio of branded generics for China; GE Healthcare formed a collaboration with BGI to investigate the potential utility of stem cell-derived assays; Wuhan Humanwell Healthcare paid $122 million to purchase an 80% stake in Beijing Baron Medical Equipment, China’s largest distributor of Roche’s in-vitro diagnostic products; Sinopharm will issue $1.3 billion of corporate bonds; ChinaBio® LLC announced that BioCentury will publish selected articles from ChinaBio® Today ; Biostar Pharma will take responsibility for the clinical trials of a topical skin treatment developed by The Fourth Military Medical University; and Suzhou Pharma Services, a contract manufacturing company, opened a US corporate headquarters in Lyndhurst, NJ. More details…. Stock Symbols: (SHE: 300326) (NYSE: LLY) (NYSE: GE) (SHA: 600079) (HK: 1099) (NSDQ GM: BSPM) Share this with colleagues: var switchTo5x=true; stLight.options({publisher:'d7871f5b-67bc-4d30-b66f-1465d0b97213'});