Kintor Pharma Stages $240 Million Hong Kong IPO for Androgen Receptor Drugs

On May 29, 2020 Suzhou Kintor Pharma reported that it has completed a $240 million IPO on the Hong Kong Exchange (Press release, Suzhou Kintor Pharmaceuticals, MAY 29, 2020, View Source [SID1234558695]). Kintor is focused on androgen receptor related diseases including prostate cancer, breast cancer, liver cancer and alopecia. Its pipeline includes novel small molecule drugs, biologics and combination therapies. Kintor expects its lead drug, a prostate cancer candidate known as proxalutamide, will be approved for China commercialization later this year. The IPO was more than 500 times oversubscribed, and Kintor’s shares rose slightly in initial trading

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