On April 1, 2022 RemeGen, a Yantai biotech with a deep portfolio of antibody and dual therapies, reported that completed a $410 million IPO on the Shanghai Star Exchange (Press release, RemeGen, APR 1, 2022, View Source [SID1234611347]). Although the offering was heavily oversubscribed, the company’s stock slipped 10% lower in the first two days of trading. Two years ago, RemeGen raised $515 million in a Hong Kong initial offering. Founded in 2008, the company is developing a portfolio of 20 novel mAbs, fusion proteins, antibody-drug conjugates and bifunctional antibodies. Two of its products are approved for use in China: telitacicept for lupus and disitamab vedotin for two HER2-related cancer indications.

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