The Week in Review: ChinaBio® Investor Forum–Jinan Selects Two “Most Promising” Companies

The ChinaBio® Investor Forum–Jinan chose Cardeus Pharma and Beijing UniMedex as the “Most Promising” of the startup companies presenting at the forum; Merck will form a China JV with Simcere Pharma to provide branded drugs to the China market; Shijiazhuang Yiling Pharma upped the value of its ChiNext IPO to $348 million; Guangdong Biolight Meditech and Zhejiang D.A. Diagnostics completed IPOs on the ChiNext Exchange; Sihuan Pharma will sell 50% of a subsidiary to Shandong Buchang Pharma for $98.6 million; Chongqing Zhifei Biological will not acquire Bilthoven Biologicals; Ascletis announced new support from Hangzhou, China and Research Triangle Park; the NDRC will force a sell-off of TCM raw material stockpiles to lower prices; and Beijing BeiLu Pharmaceutical ended its agomelatine development project. More details…. Stock Symbols: (NYSE: MRK) (NYSE: SCR) (SHE: 300246) (SHE: 300245) (HK: 0640) (SHE: 300122) (SHE: 300016) Share this with colleagues:   var switchTo5x=true; stLight.options({publisher:'d7871f5b-67bc-4d30-b66f-1465d0b97213'});