Biocytogen Closes $60 Million Hong Kong IPO for Animal Models and Drug Development

Biocytogen Closes $60 Million Hong Kong IPO for Animal Models and Drug Development publication date: Sep 1, 2022 Beijing Biocytogen Pharma completed a $60 million IPO on the Hong Kong Exchange for its genetically modified animal and cell model business, which it offers to global pharmaceutical/biotech companies. Using its animal models, Biocytogen has also developed an innovative in vivo drug efficacy and safety screening process to discover 10+ preclinical and clinical candidates, a collection of monoclonal antibodies, bispecific antibodies and bispecific ADCs. Three products have been out-licensed and/or entered co-development. Biocytogen has a market capitalization of $357 million. More details…….