Adlai Nortye Raises $100 Million in Series D Financing, Co-led by SDIC Fund Management and Tigermed, participated by Legend Star, WuXi Biologics Healthcare Ventures

NEW JERSEY and HANGZHOU, CHINA, Jul 15, 2021 – (ACN Newswire) – Adlai Nortye Ltd. (hereinafter referred to as "Adlai Nortye"), a global biopharmaceutical company focused on developing innovative oncology drugs, today announced the completion of $100 million Series D financing round. Co-led by SDIC Fund Management and Tigermed, this round of financing is participated by Legend Star, Wuxi Biologicals Healthcare Ventures, Triwise Capital, Qingdao Mukui, Guolian Industrial Investment, Tian Ge Interactive, etc. Proceeds from the financing will be used to accelerate the development of ongoing clinical and preclinical programs, expand drug portfolio through in-house R&D capability, in-licensing, mergers and acquisitions and other strategic collaborations.

"We intend to develop differentiated and innovative oncology drugs globally to address the unmet medical needs and aspire to transform the deadly cancer into a chronic and eventually a curable disease," said Carsten Lu, President and CEO of Adlai Nortye. "This round of financing represents an important milestone for Adlai Nortye, and we are honored to continue gaining support from our prestigious new and existing investors as Adlai Nortye has demonstrated a proven track record of delivering what we promised to the market and investors in the previous rounds. We are well-positioned to advance the development of our robust therapeutics pipeline and looking forward to bringing in more and more innovative treatments benefiting patients globally."

"We have strong conviction in innovation and paying close attention to what is trending in the biopharmaceutical industry," said Dazhong Lv, Managing Director of SDIC Fund Managemengt. "Adlai Nortye's strategic vision in global market, dedication to innovation in research and strong execution capability are what have been attracting us. We are pleased to have the opportunity to lead Adlai Nortye's D round and look forward to the development of multiple first-in-class drugs from the company's innovative pipeline globally and in China."

Yan Leng, partner of Legend Star added, "Adlai Nortye is quickly emerging as a leader in the field of oncology and we are delighted to have invested in Adlai Nortye and provided support for the R&D of the company's promising pipeline. Combining innovative research and advanced clinical assets with proven management experience, Adlai Nortye has built an exciting portfolio filled with opportunities. We are excited to join such an experienced and proven management team, outstanding group of investors and top-tier pharmaceutical partners to advance the company's pipeline products."

About Adlai Nortye
Adlai Nortye is a global clinical-stage biopharmaceutical company focused on innovative oncology drugs, with its R&D and global clinical operation centers in both China and the United States. With a strategic emphasis on oncology, the Company has built a global pipeline through collaborations and internal discoveries with more than 10 drug candidates in development. Currently, four of them are being investigated in clinical trials. The FDA Fast Track-designated AN2025 (Buparlisib) is undergoing a global multicenter Phase III clinical trial. AN1004 (Pelareorep), an FDA Fast Track-designated intravenously-administered oncolytic virus, has completed a Phase II clinical trial. Oral EP4 antagonist AN0025 (Palupiprant) has completed Phase 1b trial in a neoadjuvant setting in locally advanced rectal cancer and is undergoing Phase 1b trial in combination with Keytruda in patients with multiple solid tumors. AN4005, the internally discovered oral small molecule PD-L1 inhibitor, is currently in Phase I clinical trial in the U.S.

The Company has assembled a world-class leadership team, built its unique immuno-oncology platforms, and established strategic collaborations with multiple global leading biopharmaceutical companies, such as Novartis, Merck, Eisai, Oncolytics Biotech, etc. Adlai Nortye is committed to becoming an innovative biopharmaceutical company with a global vision and strives to bring more effective treatments to patients in China and worldwide. The Company shoulders the mission of transforming cancer into a non-fatal disease or even a cure. For more information, please visit: www.adlainortye.com.

About SDIC Fund Management

Established in July 2009, SDIC Fund Management Corporation Limited is an independent, professional private equity company. It currently manages and advises more than RMB 50 billion of capital for a wide range of institutional investors including financial institutions, social security funds, and state-owned and private capital. SDIC Fund Management Corporation Limited is one of the largest professional private equity fund managers in China.

About Tigermed

Tigermed (Stock code: 300347.SZ/3347.HK) is a leading provider of innovative clinical research solutions across the full life cycle of biopharmaceutical and medical device products globally. With a broad portfolio of services and a promise of quality, from clinical development to commercialization, we are committed to moving our customers and patients through their development journey efficiently and cost-effectively. Tigermed currently represents a worldwide network of more than 60 subsidiaries and 150 offices and sites, with over 6,400 employees across 38 countries in Asia Pacific, Europe, North & South America and Africa. We are devoted to building an integrated platform that enables boundless possibility for the healthcare industry, embracing challenges to fulfill our commitment to serve unmet patients' needs, and eventually saving lives.

About Legend Star

Founded in 2008 as an angel investor, Legend Star is managing 7 early-stage funds with a total commitment of up to RMB 3.5 billion. By the end of 2020, it has made about 300 new name investments in cutting-edge technology, TMT and healthcare / pharmaceutical sectors.

About Wuxi Biologics

WuXi Biologics (stock code: 2269.HK), a Hong Kong-listed company, is a leading global open-access biologics technology platform offering end-to-end solutions to empower organizations to discover, develop, and manufacture biologics from concept to commercial manufacturing. The company's history and achievements demonstrate its commitment to providing a truly one-stop service offering and strong value proposition to its global clients.

The company is currently conducting (as of March 22, 2021) a total of 361 integrated projects: 190 in pre-clinical development; 137 in early-phase (phase I and II) clinical development; 32 in late-phase (phase III) development; and 2 in commercial manufacturing. With a total estimated capacity at around 430,000 liters for biopharmaceutical production planned by 2024 in China, Ireland, the U.S., Germany, and Singapore, WuXi Biologics will provide its biomanufacturing partners with an even more robust and premier-quality global supply chain network.

WuXi Biologics views Environmental, Social, and Governance (ESG) responsibilities as an integral component of its ethos and business strategy and has established an ESG committee led by the CEO to increase efficiency while advancing commitment to sustainability. For more information about WuXi Biologics, please visit: www.wuxibiologics.com.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Avance Clinical Congratulates Client Tetherex Pharmaceuticals on Initiation of Dosing in a Phase 1 Clinical Study Using a Novel Single-Cycle Adenovirus Vaccine Strategy in Australia

ADELAIDE, AUS, Jul 9, 2021 – (ACN Newswire) – The largest Australian full-service CRO for international biotechs and Frost & Sullivan Asia-Pacific CRO Market Leadership Award winner Avance Clinical today congratulated client Tetherex Pharmaceuticals on first patient dosing for its Phase 1 vaccine clinical trial.

Tetherex Pharmaceuticals, Inc. is a privately held, clinical stage biopharmaceutical company focused on development of selectin inhibitor therapeutics for the treatment of a broad range of inflammatory diseases and single-cycle adenovirus vaccines for multiple infectious diseases and cancer indications.

Avance Clinical Chief Scientific Officer Dr Gabriel Kremmidiotis said:

"The exciting aspect of the Tetherex product is the potential to vaccinate using a nasal spray. Administering the vaccine via the same route that the virus uses to get into our bodies, may result in more effective protection compared to the first generation Covid-19 vaccine products currently being administered as injectables. Commencement of dosing with the Tetherex Covid-19 vaccine product constitutes a major achievement for the Avance Clinical team who played a key role in supporting Tetherex in gaining regulatory approval to conduct the First-in-Human trial with their exciting vaccine candidate."

According to Tetherex Pharmaceutical's announcement:

Tetherex Pharmaceuticals has executed an exclusive worldwide license with Mayo Clinic for the development and commercialization of a novel single-cycle adenovirus vaccine platform. The platform will be used to target multiple infectious diseases, beginning with a Phase 1 clinical study investigating a vaccine for COVID-19. Dosing of the initial cohort of the Phase 1 study is underway in Australia.

"Current adenovirus vaccines under investigation for COVID-19 and other infectious diseases are highly restricted in the amount of vaccine antigen they can deliver to cells," said Dr. Russell Rother, President and Chief Operating Officer of Tetherex. "The single-cycle adenovirus platform allows one round of robust vaccine antigen expression to occur without the generation of infectious virus particles which, in preclinical models, translates to a marked improvement in the ensuing immune response."

About the Single Cycle Adenovirus Vaccine Platform

The single-cycle adenovirus platform was developed to enhance the expression of target antigens, amplifying immune responses to infectious disease targets. Preclinical studies have demonstrated that the single-cycle adenovirus can increase target antigen expression up to 100-fold over currently utilized replication defective adenovirus vaccines. Intranasal administration of single-cycle vaccine elicits both systemic and mucosal immune responses. A mucosal response allows the immune system to encounter respiratory viruses like SARS-CoV-2 at the site of entry while the viral titers are lower. The platform also provides a robust manufacturing and supply chain paradigm relative to other vaccine platforms, such as mRNA.

Tetherex's Phase 1 open label study, designed to assess safety, reactogenicity and immunogenicity of the single-cycle adenovirus vaccine, is expected to recruit a total of approximately 80 healthy volunteers and includes both a single ascending dose group and a multiple dose group. Subjects will receive the vaccine via either intramuscular or intranasal administration.

The study site is Nucleus Network in Brisbane, and Dr Paul Griffin Nucleus Network's Principal Investigator said:

"The covid 19 global pandemic continues to impact lives around the world. We are very fortunate to have developed a number of vaccines for Covid-19 already that are safe and highly effective. These vaccines are beginning to give us the capacity to start to reduce the impact of this viral infection, however it's clear there are certain properties of these vaccines that we would ideally like to improve upon such as having a vaccine that could be given via a route other than needle and syringe and perhaps a vaccine that could further reduce the ability for a vaccinated individual to become infected in the first place, a so called transmission blocking vaccine. A vaccine given intranasally has the potential to achieve some of these objects hence I am very excited to be the principal Investigator on the Tetherex clinical trial."

"The addition of this novel vaccine platform to the Tetherex portfolio significantly expands our ability to leverage our scientific and clinical development expertise and broadens our overall technology base. This reduces risk to our investors while providing the potential of significant upside," said Dr. Scott Rollins, Chairman and Chief Executive Officer of Tetherex. "The platform will be utilized to target multiple infectious diseases which allows Tetherex to seek partnerships and alliances for the ever-expanding infectious disease marketplace."

About Avance Clinical

Avance Clinical is the largest full-service Australian CRO focussed on delivering quality clinical trials in Australia and New Zealand for international biotechs. Avance Clinical has been delivering CRO services in the region for the past 24 years. Avance is accredited by the office of the gene technology regulator (OGTR) and has experience with the level of complexity involved in the granting of licenses from OGTR. This accreditation allows Avance to take responsibility, on behalf of clients, for the execution of trials which involve genetically modified organism products.

The company's clients are international biotechs in their early phases of drug development that need fast, agile, and adaptive solution-oriented clinical research services. Avance Clinical delivers customised solutions designed around specific client needs rather than a one size fits all approach. As a company Avance Clinical has focused on state-of-the-art technology and systems across all functional areas to provide clients with the most effective processes.

Medidata, Oracle, and Medrio are just some of our technology partners. The collective pool of knowledge and experience at Avance Clinical continually grows through the careful selection of candidates who demonstrate passion and expertise in their chosen field. Visit http://www.avancecro.com for more information.

Recent Awards:
Excellence in Business Award 2021
Frost & Sullivan Asia-Pacific CRO Market Leadership Award 2020

Media Contact:
media@avancecro.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

VFS Global, Unifier and Accredify announce strategic partnership in digital health credentials for a seamless and safe cross-border travel experience

SINGAPORE, Jul 8, 2021 – (ACN Newswire) – VFS Global, Affinidi's Unifier and Accredify have announced a strategic partnership to provide an end-to-end digital solution for COVID-19 (RT-PCR) testing for Singapore bound travellers from Indonesia. With the gradual easing of restrictions by countries while ensuring the safeguarding of public health and traveller safety, a smart and reliable COVID-19 testing and verification solution is now a prerequisite for restarting international travel. The partnership will provide a convenient solution for all travellers who are required to undergo pre-departure testing – a mandatory requirement for travellers entering Singapore from countries classified as high risk.

VFS Global, Accredify and Affinidi's Unifier are leveraging their strengths and capabilities in the healthcare, travel and technology space to provide a secure and reliable solution to stakeholders within the travel ecosystem. This starts from enabling travellers to seamlessly book their mandatory pre-departure COVID-19 swab test and keep a copy of the swab's results online via VFS Global's network of accredited laboratories. With Accredify's tamper-proof HealthCert solution, the traveller's test results can be used for verification purposes by relevant authorities. Unifier then enables airlines and immigration authorities to digitally verify the authenticity of the COVID-19 test results using a simple QR code scan and matching the health credentials against entry requirements of the destination country.

Commenting on the partnership, Mr Jiten Vyas, Regional Group COO, VFS Global, "A convenient and reliable pre-departure COVID-19 testing solution will be a catalyst in the recovery process of international travel as the restrictions continue to be stringent compared to domestic travel. We are pleased to partner with Affindi and Accredify to provide a seamless booking system to get a reliable COVID swab result that is accepted by airlines and immigration authorities to verify an individual's COVID health status. We now offer ease of access to a much-needed and verified solution and also support a safe restart of international travel in the coming months."

Ms. Gina Chiang, Affinidi's VP & General Manager, Safe Travel Initiatives said, "As borders re-open, we have seen an explosion of different technologies, standards and formats for the verification of health credentials. Our aim with Affinidi's Unifier is to provide an interoperable solution that enables immigration authorities and airlines to verify COVID-related health credentials in an efficient, accurate and privacy-preserving manner, while also enhancing traveller experience. We are committed to working with global stakeholders to build a trusted global ecosystem for international travel, and we are pleased to be collaborating with VFS Global and Accredify on this important initiative."

Mr. Quah Zheng Wei, CEO & Co-founder, Accredify, noted, "Following IATA's announcement that personal travel could return in the second half of 2021, there is a need for services which provide travellers with a seamless process of pre-travel preparation and authorities with an efficient solution to facilitate the regulated health screening of travellers. We're delighted to partner with VFS Global to realise this solution for both travellers and authorities, beginning with the Southeast Asian and East Asian region."

With the use of Unifier and HealthCerts tamper-proof swab result, the duration it takes for airline staff and immigration authorities to verify a passenger's COVID-19 test result is greatly reduced while awarding assurance to authorities within seconds. This enables a more efficient and convenient travel experience for both travellers and border authorities. Unifier, a web-based application by Affinidi, enables airlines and immigration authorities to authenticate digitally verifiable test results using a QR code scan. HealthCerts was co-developed by Accredify to resolve the issue of fraudulent COVID-19 test results as well as black markets selling COVID-negative test results and to provide an internationally recognisable standard to verify a traveller's COVID health status. As governments, airlines and local authorities require support with implementing COVID-19 testing, VFS Global offers seamless service for travellers through its network of strategic medical partners and authorised laboratories, accredited by Governments, across 270 cities in 45 countries by leveraging the Validated Digital Health Credential solution that was introduced last year.

About VFS Global

VFS Global is the world's largest outsourcing and technology services specialist for governments and diplomatic missions worldwide. With 3498 Application Centres, operations in 144 countries across five continents and over 229 million applications processed (since inception in 2001) as on 31 May 2021, VFS Global is the trusted partner of 63 client governments. The company manages non-judgmental and administrative tasks related to applications for visa, passport and consular services for its client governments, enabling them to focus entirely on the critical task of assessment.

VFS Global is majority owned by the global investment organisation EQT. The Swiss-based Kuoni and Hugentobler Foundation holds a minority stake in VFS Global. EQT is a global investment organisation with offices in Europe, North America and Asia-Pacific and with a 27-year track-record of consistent investment performance across multiple geographies, sectors, and strategies. EQT AB Group is listed on the Nasdaq Stockholm stock exchange.

About Affinidi

Affinidi is a core technology company that enables creating, sharing and verification of digital credentials that are portable and verifiable. Affinidi's solutions empower trusted institutions to issue verifiable credentials to users, who can provide consent to share their credentials with other institutions, applications or service providers, for verification. By sharing these verifiable data credentials, users can access valuable products and services across platforms and geographies in a trusted, open and interoperable manner.

Headquartered in Singapore with a hub in Berlin, Germany, Affinidi works with stakeholders and partners globally to realize the shared goal of driving transformational change and new business models.

As part of its Safe Travel initiative, Affinidi's Unifier offers a universal, privacy-preserving solution to simply and securely verify digital health credentials to address the increasingly complex environment for international travel. Affinidi is also building an ecosystem that provides services to consumers across India using verifiable data, powered by Affinidi's verifiable credential system. In addition, Affinidi's Global Developer Ecosystem enables developers to utilize verifiable credentials to create innovative solutions and new use cases that will foster digital trust globally.

About Accredify

Founded in 2019, Accredify is pioneering the adoption of verifiable data by providing organisations with an end-to-end solution to create and issue verifiable documents. With a presence in more than eight markets serving 800 clients globally, documents issued by Accredify have been verified close to 6 million times. With a dedicated team that embraces the highest standards of customer service, security, and privacy, Accredify's objective is to be the trusted solution for managing and verifying documents anywhere and anytime.

For more information, follow Accredify on LinkedIn @Accredify

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

ACT Genomics Completes Acquisition of MC Diagnostics

HONG KONG, Jul 6, 2021 – (ACN Newswire) – ACT Genomics Co. Ltd. ("ACT Genomics" or "the Group") has completed the acquisition of MC Diagnostics Ltd. ("MCD"), a specialist molecular diagnostic company based in the United Kingdom, which marks the Group's entry into the European precision medicine market.

MCD machine in operation

Founded in 2006, MCD provides expertise in the automation of multiplexed molecular assays as well as custom-designed image analysis and interpretation software. MCD has designed, developed and manufactured an automated low density array platform ("ALDAS"), which is currently providing proven clinical diagnostic assays in the fields of HLA typing and blood group diagnostics.

Revolutionary Breakthrough in Genechip Technology

Effective and affordable cancer diagnostics testing tools with quick turnaround time and high sensitivity have always been sought after in the market. As a company at the forefront of Next Generation Sequencing (NGS) molecular diagnostics in the field of oncology, ACT Genomics has partnered with MCD to develop fusion genechips on its ALDAS platform, which has recently yielded a notable breakthrough. Tests can now be easily and automatically performed at the point of care to achieve a result that is very close to that obtained by NGS. The first genechip – ACTSpot NTRK – will be launched in August 2021.

A New Chapter for ACT Genomics

ACT Genomics is an NGS-based assays specialist and a pioneer in oncology molecular diagnostics in Asia. The creation of this union with MCD not only secures the global pioneering position of ACT Genomics in the development and applications of genechips, but also reflects the Group's strategy to embrace new and exciting growth opportunities through diversification and globalization.

Mr. Peter Maguire, Chief Executive Officer of MCD said, "Scientists at MCD are experts in transplant diagnostics, pcr-based diagnostic tests, microarray fabrication, robotics and automation, as well as software engineering. We are heavily focused on field application and have successfully optimized our manufacturing, assay and automation processes. The ALDAS system offers maximum flexibility as its 8-well strip array allows any throughput from 1 to 96 samples per run and the turnaround time is only 3 hours from sample extraction to report. I am excited to ally with ACT Genomics to bring our knowledge and experience to Asia."

Mr. Hua Chien Chen, Chief Executive Officer of ACT Genomics said, "With a vision to transform genomic information into action for the benefit of cancer patients, we at ACT Genomics are dedicated to develop innovative and effective products that can cover a broader spectrum of patient needs. Working hand-in-hand with MCD has brought us to the frontier of genechip technology and we are excited to have already accomplished a promising breakthrough. We look forward to continue our close relationship with the experts at MCD to perfect the ALDAS system and develop additional practical products that exploit this cutting-edge platform for the well-being of cancer patients and also the general public at large."

About ACT Genomics Holdings Co., Ltd
ACT Genomics is an innovation-driven cancer solution provider in Asia with offices in Taipei, Hong Kong, Singapore and Tokyo. After setting up our laboratories in Taiwan and Japan, we opened our third laboratory in Asia at Hong Kong Science Park in July 2019. With our Next-Generation Sequencing (NGS) technology, CAP-accredited laboratories, experienced bioinformatics team and proprietary AI algorithms, we provide optimal cancer treatment planning, immunotherapy evaluation, cancer relapse & drug resistance monitoring, as well as cancer risk assessment services to medical professionals.

Our team is specialized in biomarker identification, underlying disease mechanism discovery and genetic alteration exploration. Pharmaceutical communities are also able to benefit from our expertise in identifying targets for drug development, stratifying patients for clinical studies, and delineating drug responses with efficiency and efficacy. We also participate in various international precision medicine biomarker programs, such as the TMB and HRD Harmonization Programs led by FOCR in the United States. Together, we "Turn Genomics into Action".

For further information, please contact:
Strategic Financial Relations Limited
Angelus Lau Tel: (852) 2864 4805 Email: angelus.lau@sprg.com.hk
Karen Kwan Tel: (852) 2114 4171 Email: karen.kwan@sprg.com.hk
Doris Ho Tel: (852) 2114 4916 Email: doris.ho@sprg.com.hk

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

KGISL Completes Acquisition of AETINS, Expands Expertise in the Insurance Space

Singapore / Malaysia, Jun 29, 2021 – (ACN Newswire) – KG Information Systems Private Limited (KGISL), a global IT services, consulting, and business solution provider, today announced the acquisition of AETINS Sdn. Bhd. through its wholly-owned subsidiary in Malaysia, KG Information Systems Sdn. Bhd. The acquisition is a part of KGISL's growth strategy in the InsurTech space.

Prassadh Shanmugam, Director and Chief Executive Officer, KGISL

AETINS brings aboard an exceptional range of insurance solutions for Life, General and Takaful bundled with an unmatched domain expertise. AETINS' Core Insurance Product and Solutions are well known in the market and are market-leading. The company serves a vast clientele of insurance firms in the Asia Pacific, Middle East, and North Africa. The people, products, and solutions from AETINS would be leveraged in expanding KGISL's footprint in the InsurTech space.

KGISL has market presence in the Malaysia InsurTech space since 2006 and has grown as a market leader with its Point of Sale (PoS) and Claims Management Solution for the Non-Life Insurance segment. The acquisition of AETINS will now bring in Core Insurance Product and Insurance Solution Framework (ISF) into KGISL's product offerings and opens doors to enter the wider Asia Pacific, Middle East, and Africa markets covering the Life, Non- Life and Takaful Insurance segments.

Mr. Prassadh Shanmugam, Director and Chief Executive Officer, KGISL commenting on the acquisition said, "I am super excited about this acquisition. AETINS' Core Insurance products, Takaful offerings and good presence in the Middle East market are the missing pieces in KGISL's Insurance offerings. It would have taken years for us to build this capability, so the acquisition is a perfect fit for KGISL. The employees of AETINS share the same integrity, culture and value systems of KGISL, so the integration will also be smooth and quick."

Commenting on the acquisition, Dr Ashok Bakthavathsalam, Managing Director, KGISL said, "The acquisition brings together two leading InsurTech players in pursuit of a common mission, centred on providing the best value for customers, organisation and employees. With able leadership and a go-getter team, KGISL has been on a fast growth trajectory, clocking a five-fold growth in the last four years. This acquisition adds momentum, and I am confident that our growth will be even faster in the next 3 years."

About KGISL – www.KGISL.com/gss

KG Information Systems Private Limited (KGISL) is a global IT Services, Consulting and Business Solutions provider in the BFSI space. KGISL offers Software Products, Solutions and Services in Intelligent Automation, ERP (SAP), CRM, Business Intelligence and Analytics, Quality Engineering, IT Infrastructure Management and Application Development. KGISL has offices in India, US, Malaysia (201301013805), Singapore, Australia and Thailand.

KGISL is part of the $750 million business conglomerate KG Group with interest in Textiles, Engineering, Healthcare, Education, Real Estate, Entertainment, Software and Business Support Services. The Group employs over 25000 people and is known for its philanthropic services to the community for over 8 decades.

About AETINS (199801000924) – www.aetins.com

AETINS, established in 1998, is a single end-to-end Insurance and Takaful Solution provider that covers all lines of business: Individual Life, Group Life, Investment Linked and General. It spans across functions like illustration, quotation, new business, policy servicing, claims, agency management, commission and benefits, accounting and services. Our business is to help Insurance and Takaful Companies to strategize and operate by leveraging on Information Technology, a key enabler to achieve transformational growth through Operational Excellence and Innovation. See www.aetins.com.

For further information, please contact:

KGISL: Sampathkumar S | sampathkumar.s@KGISL.com | +91 9940069884

Adfactors PR (India):
Bhargav TS | bhargav.ts@adfactorspr.com | 9884883350
Shamitha Hegde | shamitha.hegde@adfactorspr.com | 9003107361

Adfactors PR (Singapore):
Namrata Sharma | namrata.sharma@adfactorspr.com | +65 8138 3034

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Kindstar Globalgene Proposed Listing on the Main Board of the Hong Kong Stock Exchange

HONG KONG, Jun 28, 2021 – (ACN Newswire) – A leading player in China's independent esoteric clinical testing service provider – Kindstar Globalgene Technology, Inc. ("Kindstar Globalgene" or the "Company", together with its subsidiaries, the "Group", stock code: 9960.HK), today announced the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited ("Hong Kong Stock Exchange").

Kindstar Globalgene plans to offer 226,405,000 Shares (subject to the Over-allotment Option), of which 203,764,500 Shares will be International Offer Shares (subject to reallocation and the Over-allotment Option), representing 90% of the initial offer shares; the remaining 22,640,500 Shares will be Hong Kong Offer Shares (subject to reallocation), representing 10% of the initial offer shares. Offer Price is between HK$8.60 and HK$9.78 per Share. Kindstar Globalgene will open for Hong Kong Public Offering in Hong Kong at 9 a.m., June 29, 2021 (Tuesday), and close at 12:00 noon, July 7, 2021 (Wednesday). Dealings in shares of Kindstar Globalgene on the Main Board of the Hong Kong Stock Exchange is expected to commence on July 16, 2021 (Friday). The shares will be traded in board lot of 500 Shares each. The Company's stock code is 9960.HK.

Goldman Sachs (Asia) L.L.C., China International Capital Corporation Hong Kong Securities Limited and Credit Suisse (Hong Kong) Limited are the Joint Sponsors, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers.

Dr. Huang Shiang, Executive Director, Chairman, Chief Executive Officer and Chief Medical Officer of Kindstar Globalgene Technology, Inc., said, "Our mission is to offer patients and physicians worldwide broad and high- quality specialty testing services and promote the application of precision medicine. In the furture, we will strengthen our leading position in Hematology Esoteric Clinical Testing in China. Also, we will replicate our success in hematology esoteric testing to expedite growth in other specialty areas. What's more, we will deepen our strategic collaboration with leading industry participants to facilitate the growth of our business and enhance the overall development of China's esoteric testing industry. In addition, we aim to enhance our leadership on a global scale by deepening our cooperation with trustworthy local partners.

About Kindstar Globalgene Technology, Inc.
Kindstar Globalgene Technology, Inc. is the first and leading independent esoteric clinical testing service provider in China. Kindstar Globalgene has the largest esoteric testing portfolio among all the independent esoteric testing providers in China, with over 3,500 testing items in our service menu, which includes over 2,300 testing items for hematology. There are over 1,100 testing items were developed fully internally, and approximately 2,400 testing items were developed by or in-licensed from third parties. Kindstar Globalgene provide full-spectrum testing services in various specialty areas, including hematology, genetic diseases and rare diseases, infectious diseases, oncology, neurology and maternity-related diseases.

Issued by Porda Havas International Finance Communications Group for and on behalf of Kindstar Globalgene Technology, Inc.. For further information, please contact:

Porda Havas International Finance Communications Group
Ms. Kelly Fung +852 3150 6763 kelly.fung@pordahavas.com
Ms. Ivy Lu +852 3150 6788 Ivy.lu@pordahavas.com
Ms. Louise Liu +8621 3397 8796 Louise.liu@pordahavas.com
Ms. Mona chen +8521 3397 8796 Mona.chen@pordahavas.com

Important Disclaimers:
1. This press release is for information purposes only and does not constitute or include any recommendation or invitation or offer (nor is calculated to invite such a recommendation, offer or invitation) by any person for acquisition, purchase or subscription of the securities of the Company nor does it intend to act as a recommendation of the sale of securities or any invitation, solicitation or offer for acquisition, purchase or subscription of securities in any jurisdiction. This press release should accordingly not amount an advertisement or invitation within the meaning of section 103(1) of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong) or a prospectus or an extract from or abridged version of a prospectus (including within the meaning of sections 2 and 38B, respectively of the Companies (Winding Up and Miscellaneous Provisions) Ordinance). This press release has not been reviewed or approved by The Stock Exchange of Hong Kong Limited or the Securities and Futures Commission of Hong Kong. Investors should read the prospectus of the Company for detailed information about the Company and the proposed offering before deciding whether or not to purchase any securities of the Company. An application to subscribe for the shares referred to in this press release by any persons shall be made solely based on the prospectus and the application forms to be issued by the Company on June 29, 2021.

2. No application for the shares of the Company should be made by any person nor would such application be accepted without the completion of a formal application form or other application procedure that is issued with or in respect of the prospectus.

3. The directors of the Company collectively and individually accept full responsibility for the accuracy of the information contained in this press release and confirm, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts the omission of which would make any statement herein misleading.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Kindstar Globalgene Proposed Listing on the Main Board of the Hong Kong Stock Exchange

China Biotech Services (8037.HK): Confident shareholders are taking long on their books in anticipation of promising results to be generated from the double engines of growth on cell therapy and precision diagnostic businesses

HONG KONG, Jun 28, 2021 – (ACN Newswire) – 2021-6-23 / Gelonghui – The Company's self-developed cell therapy product was approved by NMPA to enter into phase I clinical trial as a class I new drug

Source: official website of NMPA

With the recent approval of the first CAR-T cell therapy product for marketing in China, a brand-new era of immune cell therapy has just begun.

According to the announcement of National Medical Products Administration of China (NMPA), Axicabtagene Ciloleucel injection (code name: FKC876), a CAR-T cell therapy product of Fosun Kite, was officially approved for the treatment of adult patients with relapsed or refractory large B-cell lymphoma (including diffuse large B-cell lymphoma (DLBCL) non-specific type, primary mediastinal B-cell lymphoma (PMBCL), high-grade B-cell lymphoma and DLBCL transformed from follicular lymphoma) after second-line or higher systemic therapy.

China Biotech Services took its first show in the field of CAR-T cell R&D through its acquisition of Shanghai Longyao Biotech in July 2018.

By now, Shanghai Longyao Biotech has built a first-class scientific and R&D transformation team and has pooled up more than 10 products in pipeline, of which four have obtained international technology patents and the other six are pending for completion of applications. Other than those popular target markers, the Company has developed certain proprietarily structured CAR-T. Based on the number of proprietary patents on hands, the distinctive progress made in filing for clinical trials and those highly regarded articles published in top international medical journals (e.g. Science Translation Medicine), Shanghai Longyao Biotech has proved itself to be amongst the first-tier players in the global CAR-T field.

With respect to the latest progress of those pipelines, CD20-CART-OX40 product has received the approval to kick off the clinical trial as a Class I Investigational New Drug (IND) on January 20, 2021.

At almost the same time, Professor Yang Xuanming, the chief scientist of Shanghai Longyao Biotech, published his article on CD20-CART-OX40 in Science Translational Medicine on January 27, 2021, EST.

The article specifically highlighted the findings of such cell product's potential efficacy against solid tumors. The clinical data will support the Company's subsequent research on making use of the product to tackle solid tumors.

CLDN18.2-CART-OX40, the Company's second CAR-T product for treatment of solid tumors, has now passed ethical and academic reviews for pancreatic and gastric cancers at the Affiliated Hospital of Xuzhou Medical University, Jiangsu Province. The Company has started investigator-initiated trial on the product and is in the process of patient enrolment. The Company has prepared to start investigator-initiated clinical trial of the product at Ruijin Hospital, Shanghai.

In addition, the generic UCART- CD19, which has passed academic and ethical review at Huaian People's Hospital, Jiangsu Province, has started an investigator-initiated trial which is in the process of patient enrolment.
Once the cell therapy products have got through the respective stages of clinical trials one by one, it is expected that Shanghai Longyao Biotech can become one of the leaders in the development of cell therapies.

II. A comprehensive scope of diagnostic products that can secure sustainable business growth

Over the past one year, the outbreak of COVID-19 pandemic has brought rapid business growth for companies in medical diagnostic industry. Yet, there are concerns in the market that once the outbreak is under control, the performance of these third-party medical diagnostic companies will gradually fade out. How to maintain sustainable business growth is a problem being faced by the whole industry. China Biotech Services' revenue continued to grow by 1,113% in the first quarter of this year on a year-on-year basis, after recording a remarkable growth in last year. This is mainly attributable to the Company's comprehensive scope of medical diagnostic products, the ownership of three well-positioned medical laboratories, as well as the synergistic growth of businesses in three health check-up centres located in strategic regions of Hong Kong. The key highlights are listed out as follows:

1. Sunrise Diagnostic Centre is focusing on the provision of nucleic acid testing for COVID-19. The overall community demand for testing business has remained strong due to the continuous mutation of the virus and the ongoing spread of virus. Being a member company of China Biotech Services, Sunrise Diagnostic Centre is one of the largest nucleic acid testing providers in Hong Kong. It has once served as the main contractor of the universal testing program for COVID-19 in Hong Kong lasting from July to September 2020. During the period, 1.68 million people had taken the tests within 15 days with 44 positive cases identified. The program had effectively cut off 10 virus transmission chains and had proved to be crucial for the Hong Kong government to suppress the third wave of the outbreak. As well, Sunrise Diagnostic Centre is the appointed service provider to perform quarantine testing for arrival passengers at the Hong Kong International Airport since December 2020. Since then, the Sunrise team has successfully shortened the turnaround time of the test to less than two hours. This has brought significant improvement of service to those inbound passengers and has assisted the government to enhance the efficiency of passenger clearance at the Hong Kong International Airport.

2. Set up in 1968 with a history of 53 years, PHC Medical Diagnostic Laboratory is a third-party medical testing centres well-established in Hong Kong with good brand recognition. PHC offers a wide range of tests to clients covering almost all medical diagnostic items related to pathology, blood, biochemistry, immunology, radiology and others. Its clients come from many leading insurance companies and private clinics in Hong Kong. The PHC Medical Diagnostic Laboratory has also launched its Abbott Serum Antibody Testing Platform recently to provide neutralizing antibody testing services for vaccinated clients.

3. Serum antibody testing business is set to become a new growth driver
A. According to the latest quarantine arrangement for the control and prevention of COVID-19 that will become effective from 1 July 2021, Hong Kong residents who have taken serum antibody tests at their own expense in any recognised local laboratory before leaving Hong Kong with results showing that their antibody levels in sera are acceptable and return to Hong Kong within the next three months, the quarantine period can be shortened. For non-Hong Kong residents arriving in Hong Kong on or after 1 July 2021, the Hong Kong government will arrange for user-paid serum testing services at the airport. With satisfactory results found in both the serum antibody and nucleic acid tests at the airport, those non-Hong Kong residents who have been vaccinated will only need to be quarantined for seven days. This newly adopted policy is effectively reopening the boundary for travellers to go in and out of Hong Kong and as a result will boost the demand for serum antibody testing.

B. In addition, relevant statistics show that since the official launch of the COVID-19 vaccination program on 26 February 2021 and up to 20 June 2021, a total of about 3.28 million Hong Kong residents have been vaccinated. The market for post-vaccination antibody testing will also create a new opportunity for voluntary antibody testing.
C. Once the pandemic is brought under control, Hong Kong will surely move to reopen the boundary and to encourage more international travels for promotion of economic growth. While the overseas development of pandemic is largely uncertain even by now, the COVID-19 nucleic acid testing and antibody testing are expected to stay essential in the market for a longer time. The continuous mutation of the virus and the development of the pandemic are going to normalize the nucleic acid and antibody testing businesses and will bring sustainable growth to the Company.

Conclusions:
The Company is riding on double engines of growth in both medical diagnostic and cell therapy businesses. The medical diagnostic business has formed the bedrock of the Company's growth by providing stable income and cash flow. The medical diagnostic part is set to growth with the inclusion of more innovative tests apart from the COVID-19 related testing. The income stream from the medical diagnostic business is sufficient to support the capital requirements in the R&D phase of the cell therapy products. Once the development of cell therapy products gets into the harvest period, the Company will experience a new phase of rapid growth. Based on a comparison of key performance data with peer group companies in either the medical diagnostic sector or the cell therapy development sector, the outlook of the Company is rather promising as a value pick.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Avance Clinical Appoints Asia Biotech Specialist to Support APAC Growth

ADELAIDE, AUS, Jun 28, 2021 – (ACN Newswire) – Avance Clinical, the leading Australian CRO for international biotechs and Frost & Sullivan Asia-Pacific CRO Market Leadership Award recipient, announced the appointment of Andy Hu as Business Development Manager APAC, to support increasing biotech clinical trial demand from the region.

Andy Hu

Formerly with Informa Pharma Intelligence, the international biopharma data company, Andy will head up the APAC business development program for Avance Clinical.

Andy says the main drivers for Asian biotechs looking to Australia are speed, data quality and access to international regulatory authorities.

"They select Avance Clinical in Australia because its CRO data is accepted by the FDA, and it gives them a rapid pathway for international licensing, investment and ultimately drug approvals," he said.

"I wanted to work with Avance Clinical because it's a mid-sized CRO that offers deep therapeutic experience, expedited timelines, and exceptional support to APAC biotech clients."

Avance Clinical has grown significantly over the past two years with an increasing number of clients coming from APAC to conduct their trials in Australia.

Chief Strategy Officer Ben Edwards said the appointment of Andy Hu will further support growth and strengthen relationships with clients in the region.

"Andy is multilingual, being fluent in English, Mandarin and Korean, and has completed both a Bachelor of Korean Language and Culture as well as a Master of Translation and Interpreting. He will be responsible for developing business across the APAC region to better serve our clients operating in the region," he said.

The Avance Clinical team is attending BIO Digital 2021 virtually and is available on the BIO One-on-One Partnering(TM) platform to discuss the benefits of conducting trials in Australia.

Avance Clinical has recently won the BDO Excellence in Business Award 2021 for rapid managed growth and attracting and nurturing experienced staff in a competitive global environment.

The mid-sized CRO has a reputation for going beyond the industry time and support for Sponsors, and for providing staff the training and resources needed to deliver excellence in clinical research management.

About Avance Clinical

Avance Clinical is the largest specialist Australian CRO delivering quality clinical trials in Australia and New Zealand for international biotechs. Avance Clinical has been delivering CRO services in the region for the past 24 years. Our clients are international biotechs in their early phases of drug development that need fast, agile, and adaptive solution-oriented clinical research services. Avance Clinical delivers customised solutions designed around specific client needs rather than a one size fits all approach. As a company we have focussed on state-of-the-art technology and systems across all functional areas to provide our clients with the most effective processes. Medidata, Oracle, and Medrio are just some of our technology partners. The collective pool of knowledge and experience at Avance Clinical continually grows through the careful selection of candidates who demonstrate passion and expertise in their chosen field. Visit http://www.avancecro.com for more information.

Recent Awards:
Excellence in Business Award 2021
Frost & Sullivan Asia-Pacific CRO Market Leadership Award 2020

Media Contact:
media@avancecro.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Avantor Named Best Company in Bioprocessing Excellence for Single-use Solutions and Best Bioprocessing Supplier for Upstream Processing at Biologics Manufacturing Korea 2021

Seoul, Korea, June 25, 2021 – (ACN Newswire) – Avantor, a leading global provider of mission-critical products and services to customers in the life sciences and advanced technologies and applied materials industries, was named best company in bioprocessing excellence for single-use solutions and best bioprocessing supplier for upstream processing at Biologics Manufacturing Korea (BMK) 2021.

Sang Kyu Lee, Representative Director – Avantor Korea/Japan(centre), Jin Young Lee, Biopharma Business Manager – Avantor Korea/Japan(left), James Hwang, Innovation Center Field Application & Education Manager – Avantor Korea/Japan(right), after receiving the Awards for Best Company in Single-use Solutions and Upstream Processing at BMK 2021.

This is the second consecutive year Avantor has been selected as the best company in the single-use category at BMK. As the development and supply of biopharmaceuticals, including COVID-19 vaccines and therapeutics, become more important than ever, Avantor has been actively supporting the discovery to delivery of biopharmaceutical therapies to both domestic and foreign pharmaceutical companies. A key piece of this contribution is supplying differentiated upstream solutions such as high-purity materials.

Avantor also has been recognized for its ongoing efforts to develop single-use solutions, which are emerging as the preferred option to improving biopharmaceutical manufacturing processes. Avantor is responding to rapidly increasing needs for treatments and therapies by providing customized solutions to biopharma companies. Avantor closely analyzes manufacturing processes to support customers with increased yield and reduced resources when developing new therapeutics.

SK Lee, Sales Director of Avantor Korea & Japan, said, “We are extremely proud to be recognized by BMK for our leadership in bioprocessing development by providing solutions to biopharmaceutical manufacturers. Working closely with our customers, we play a critical role in enabling breakthroughs in life-changing biologics.”

Narayana Rao Rapolu, Vice President, Biopharma Asia Middle East & Africa for Avantor said, “Avantor’s continued investment in single-use solutions, including our recent acquisition of RIM Bio, with manufacturing capabilities in China, go a long way to demonstrate our commitment to delivering bioprocessing excellence. Our process development and optimization capabilities carried out by our dedicated expert researchers at our Korea Innovation Center is helping customers deliver on cost and time efficiencies.”

For more information on Avantor’s single-use solution for biopharmaceutical manufacturing, visit https://youtu.be/mfjZEfO_RVM.

About Avantor

Avantor^®, a Fortune 500 company, is a leading global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. Our portfolio is used in virtually every stage of the most important research, development and production activities in the industries we serve. Our global footprint enables us to serve more than 225,000 customer locations and gives us extensive access to research laboratories and scientists in more than 180 countries. We set science in motion to create a better world. For information, visit and find us on LinkedIn, Twitter and Facebook.

About Biologics Manufacturing Korea Excellence Award 2021

The Biologics Manufacturing Korea Excellence Award seeks to give recognition to exceptional bioprocessing experts, organizations and technologies that facilitate biomanufacturing excellence with enhanced speed, reduced cost, and superior quality. 2021 marks the tenth year of ABEA. The BMK Awards is part of the Asia-Pacific Bioprocessing Excellence Awards (ABEA) which seeks to recognize organizations within Korea who have engaged in substantial efforts to innovate, optimize processes and uphold a high level of efficacy, quality and safety in biological products manufacturing.

AMEA Media Contact
Christina Koh
Director – Communications, AMEA
Avantor
Phone: +65 9170 0169
Email: Christina.Koh@avantorsciences.com