Week in Review: China National Biotec Plans $1.6 Billion Hong Kong IPO

China National Biotec announced that its upcoming Hong Kong IPO, which now awaits only CSRC approval, will raise as much as $1.6 billion; Triplex International Biosciences, a Xiamen diagnostics company, received a $50 million capital infusion from private-equity firm RRJ Capital; The thirteenth ChinaBio® Investor Forum selected Optomed Oy from Finland and ASLAN Pharmaceuticals from Singapore as the “Most Promising” of the 18 presenting companies; WuXi PharmaTech will use Open Monoclonal Technology's OmniRat to develop therapeutic antibody candidates; liquidators found that China Medical Technologies, a previously high flying diagnostics company, has no assets; and Dainippon Sumitomo Pharma submitted an application to the SFDA for approval of amrubicin HCI, a treatment for small cell cancer. More details…. Stock Symbols: (NYSE: WX) (NSDQ: CMEDY) Share this with colleagues: var switchTo5x=true; stLight.options({publisher:'d7871f5b-67bc-4d30-b66f-1465d0b97213'});