BUSINESS INSIGHTS

Asymchem and LaNova Medicines Enter into Partnership Agreement, Expanding Biological Capabilities

Asymchem | September 17, 2021

Asymchem  today announced a strategic partnership agreement to provide LaNova Medicines with one-stop services such as small molecule drugs, ADC project CMCs, R&D, production and IND China-US declaration. 

The collaboration between Asymchem and LaNova will include small molecule drugs, monoclonal antibodies, double antibodies, ADC projects and potentially other R&D and production initiatives. This partnership will take full advantage of Asymchem's recently completed biological CDMO service platform and production base at Shanghai Jinshan, where Asymchem is already undertaking R&D and production services for a number of early IND and clinical phase projects of biological drugs. The platform can provide R&D and production services including monoclonal antibodies, double antibodies, and ADC drugs.

With the advent of the ADC drug research and development wave, ADC-related businesses have exploded, In the future, we expect to build ADC pilot and commercial production facilities to further enhance Asymchem's capabilities with ADC drugs.

- Asymchem Chief Operating Officer (COO) Yang Rui, who attended the signing ceremony in Shanghai.

Antibody-drug conjugates (ADCs) are a highly promising class of targeted drugs in which drug molecules are linked to antibodies that selectively attach to the surface of cancer cells while avoiding effects on nearby healthy cells, dramatically reducing side effects. More than 100 clinical trials are underway studying the effectiveness of ADCs in treating blood, lung, breast, brain and other cancers.

Rui said the partnership was a logical next step for Asymchem as the CDMO continues to expand its capabilities and service into new business areas to offer pharmaceutical and biotech companies innovative and sustainable solutions.

About Asymchem
Founded in 1999, Asymchem stock code: 002821.SZ) is a leading global integrated Contract Development and Manufacturing Organization (CDMO) providing innovative drug R&D and manufacturing. Asymchem is supported by more than 5,000 employees based in PR China, the US, and the EU. Our mission is to drive efficiency through continuous technological advances for smarter, greener and more cost-effective manufacturing to support pharmaceutical clinical research and commercialization, backed by a proven track record of successful agency and industry inspections.

About LaNova Medicines
Based in Shanghai, LaNova Medicines is a clinical-stage R&D company whose primary focus is the development of macromolecular anti-tumor drugs utilizing GPCRs for monoclonal antibody production. The company's comprehensive platform capabilities include target verification, antibody engineering, production technology, preclinical and clinical research.

Spotlight

Pharmaceutical companies rely on patents, which expire after 20 years, to defend their intellectual property or drug invention from copycat versions. The drug’s patent expiration has a huge impact on revenue for the major drugmakers. They have to cut costs, raise their prices or discover new blockbuster drugs. When patents expire, generic drug manufacturers are free to produce their own replicas which cost as much as 80 percent less compared to originals. As outlined by the US FDA, these generic medicines have to be similar to the branded meds in terms of effectiveness, safety, usage, pharmacodynamics and pharmacokinetics. Here’s the drug patent expiration list for 2017.

Spotlight

Pharmaceutical companies rely on patents, which expire after 20 years, to defend their intellectual property or drug invention from copycat versions. The drug’s patent expiration has a huge impact on revenue for the major drugmakers. They have to cut costs, raise their prices or discover new blockbuster drugs. When patents expire, generic drug manufacturers are free to produce their own replicas which cost as much as 80 percent less compared to originals. As outlined by the US FDA, these generic medicines have to be similar to the branded meds in terms of effectiveness, safety, usage, pharmacodynamics and pharmacokinetics. Here’s the drug patent expiration list for 2017.

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Pharma Tech Holdings SA Obtains a Capital Commitment Agreement of CHF 30 million from Global Investor LDA Capital

Pharma Tech | August 09, 2022

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Simulations Plus Collaborates with Multinational Pharmaceutical Company to Provide Modeling & Simulation Support for COVID-19 Treatment

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On Demand Pharmaceuticals, Azzur Group | June 02, 2022

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