On June 9, 2021 Shanghai CARsgen Therapeutics reported that it is staging an IPO on the Hong Kong Exchange that could raise $400 million to support development of the company’s CAR-T portfolio (Press release, Carsgen Therapeutics, JUN 9, 2021, View Source [SID1234583806]). The shares are scheduled to begin trading on June 18. Lilly Asia Ventures and New China Life are among nine cornerstone investors that will acquire $230 million of the shares. CARsgen is advancing 11 candidates for solid tumors and hematological malignancies including six clinical stage molecules. The company’s lead drug is a BCMA CAR-T for multiple myeloma currently in a pivotal Phase II/III trial.

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