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invoX Pharma Limited (“invoX”), a U.K.-based wholly-owned subsidiary of Sino Biopharmaceutical Limited (“Sino Biopharm”) (HKEX 1177 HK) with an advancing pipeline of innovative products, today announced that it has successfully completed the acquisition of F-star Therapeutics, Inc. (“F-star”) (NASDAQ: FSTX) a clinical-stage biopharmaceutical company pioneering bispecific antibodies in immunotherapy, for an aggregate cash consideration of approximately $161 million (or $7.12 per share).

On February 20, Sino Biopharm (HKE.01177) announced that Liamprost tablet (brand name: Kelitone ®), a treatment for lumbar spinal stenosis developed by its subsidiary of Beijing Tide, has been approved by the National Medical Products Administration (NMPA). Miss Tse, Theresa Y Y, chairwoman of the board of directors of Sino Biopharm, said dealing with an aging population has been elevated as a national strategy in the 2022 Government Work

On February 10, Sino Biopharm announced that its self-developed Class 1 new drug, TQB2103 (Claudin18.2 ADC), has submitted an application to the Center for Drug Evaluation (CDE) of the National Medical Products Administration, PRC for clinical trials and has been accepted.