Shanghai Junshi Biosciences Co., Ltd. Class H (HK:1877) has released an update.
Shanghai Junshi Biosciences Co., Ltd. has announced adjustments to their investment strategy, reallocating funds from their 2022 issuance of A Shares to enhance the efficiency and effectiveness of their innovative drug R&D projects. The company is increasing investment in certain sub-projects while suspending funding for others, optimizing the use of proceeds in light of project progress. Significant shifts in funding reflect the company’s agile response to the evolving needs of their research portfolio in diseases like cancer and psoriasis.
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