Akeso Biopharma raises $250M through share placement for global clinical development of drugs.

Akeso Biopharma, a Chinese drug development firm, has raised around $250 million through a share placement, primarily aimed at enhancing its global clinical development efforts for its innovative drugs. Following this transaction, the company's cash reserves will total approximately $1.064 billion. The funding will support the advancement of core products in both Chinese and international markets, bolstering Akeso's competitiveness globally.

October 13, 2024
3 Articles