On June 1, 2020 Genor Biopharma, a Shanghai company with ten biologic candidates in clinical trials, reported that it completed a $160 million Series B financing led by Beijing’s Hillhouse Capital Group (Press release, Genor Biopharma, JUN 1, 2020, View Source [SID1234560728]). The company’s PD-1 molecule is currently in four pivotal Phase II trials. Its other clinical stage assets are mAbs and recombinant fusion proteins, a combination of novel drugs and biosimilars that target indications in cancer and autoimmune diseases. In late 2019, Genor was rumored to be planning a $200 million IPO on the Hong Kong Exchange, but that offering has not been officially announced.

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