Jacobio Pharma Partners with Oceanpine to Enhance Oncology Focus
Jacobio Pharma and Oceanpine Capital Join Forces
Jacobio Pharma has recently announced a significant partnership with Oceanpine Capital, aimed at intensifying its focus on oncology. This collaboration marks a pivotal moment for Jacobio as it seeks to prioritize innovative cancer therapies within its research and development pipeline.
Details of the Agreement
The agreement involves Oceanpine Capital acquiring an 80% equity stake in Beijing Jacobio Pharmaceuticals Co., Ltd.'s subsidiary, Jacoray. The total investment is valued at 200 million RMB, which includes an initial payment of 125 million RMB, with the remaining amount tied to performance milestones. Following this acquisition, the ownership structure of Jacoray will reflect 80% for Oceanpine Capital, while Jacobio and another industry partner will maintain 10% each.
Focus on Oncology Innovation
This strategic decision aligns with Jacobio Pharmaceuticals' broader goal of refining its oncology pipeline. The company aims to focus on groundbreaking treatments that target the KRAS pathway, which is crucial in many forms of cancer. With the resources from this partnership, Jacobio is positioned to enhance its R&D efforts, improve operational efficiency, and ultimately drive the commercialization of their oncology assets.
Benefits to Research and Development
The infusion of funds from Oceanpine Capital will support Jacobio in advancing key projects, most notably their Pan-KRAS inhibitor. As the biotech landscape becomes increasingly competitive, this partnership allows Jacobio to maximize capital deployment while retaining long-term value in their projects. The emphasis is on innovative therapies that are essential in the fight against cancer.
Comments from Leadership
Dave Chenn, Founder and CEO of Oceanpine Capital, expressed strong confidence in Jacobio's capabilities, stating that the company showcases exceptional scientific strength and a strategic focus on oncology innovation. This sentiment reflects the collaborative spirit of the partnership, which aims to propel the globalization of China's biotechnology sector.
Meanwhile, Dr. Yinxiang Wang, the Chairman of Jacobio, emphasized that this collaboration represents a significant step in reinforcing their commitment to developing the next generation of cancer therapies. Both leaders recognize the transformative potential of this partnership in advancing oncology treatments on a global scale.
About Jacobio Pharma
Jacobio Pharma (1167.HK) is on a mission to deliver innovative treatments for patients dealing with serious diseases. The company leverages an induced allosteric drug discovery platform, with core projects focused on the KRAS pathway. With R&D centers situated in major locations including Beijing, Shanghai, and Boston, Jacobio aspires to become a global leader in pharmaceutical innovation. The company conducts clinical trials across over 180 sites in China, more than 30 sites in the USA, and has expanded its reach to various European countries.
About Oceanpine Capital
Founded in 2018, Oceanpine Capital is a dedicated investment management firm with a focus on long-term value creation. They are actively engaged in sectors that drive technological advancements, particularly in advanced technologies, green technology, and life sciences. With assets under management exceeding 25 billion RMB, Oceanpine Capital is well-positioned to support innovative ventures like Jacobio Pharma.
Frequently Asked Questions
What is the focus of the partnership between Jacobio and Oceanpine?
The partnership aims to enhance Jacobio's focus on oncology innovations, particularly in developing new cancer therapies.
What percentage of Jacoray will Oceanpine Capital own?
Oceanpine Capital will acquire an 80% equity stake in Jacoray following the agreement.
How will the partnership benefit Jacobio's R&D efforts?
The partnership is expected to provide substantial funding, allowing Jacobio to advance its pipeline of oncology therapies more effectively.
Who are the key figures involved in this partnership?
Key figures include Dave Chenn, the CEO of Oceanpine Capital, and Dr. Yinxiang Wang, the Chairman of Jacobio Pharma.
What are Jacobio's main research focuses?
Jacobio's primary research focuses on the KRAS pathway with intentions to develop groundbreaking cancer treatments.
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