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Week in Review: China Green Lights NASDAQ-style Exchange for Young Companies

Government and Regulatory   China approved a new Shanghai stock exchange similar to NASDAQ that will be a venue for debut offerings from young high tech companies; Deals and Financings iKang Healthcare, a private China healthcare chain, completed a $1.4 billion privatization backed by an Alibaba investment arm and Yunfeng Capital; Circassia Pharma of Oxford signed a $32.7 million agreement to acquire US and China marketing rights for a respiratory failure product; Immunochina Pharma of Beijing closed a $20.4 million Series C financing to advance its CAR-T candidates; Trials and Approvals   Shanghai 's I-Mab Biopharma was cleared to start US Phase I trials of its novel CD73 antibody, an immunotherapy, in patients with advanced solid tumors' Industry Insight   German Merck CEO, Stefan Oschmann, expects China biopharma to continue its growth, with a China company becoming one of the top 50 global biopharmas. Stock Symbols: (NSDQ: KANG) (NYSE: BABA) (LSE: CIR) (Xetra: MRK) Share this with colleagues: // //
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