On March 31, 2020 Shanghai Junshi Biosciences reported it has been approved to list on the Shanghai STAR Exchange. In late 2018, Junshi completed a $394 million IPO in Hong Kong, and the company’s shares have climbed about 50% in the 15 months since then (Press release, Shanghai Junshi Bioscience, MAR 31, 2020, View Source [SID1234556060]). Just after the Hong Kong IPO, Junshi was approved to market Tuoyi, the first China-developed anti-PD-1 drug as a second-line treatment for melanoma. It is the first domestic PD-1 approved in China. Tuoyi produced $110 million in revenues during 2019.

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