Bio-Thera Solutions, which launched its made-in-China biosimilar version of AbbVie’s blockbuster Humira (adalimumab) arthritis drug in its domestic market in January and has posted positive trial results for another biosimilar, has reaped $241m from a listing on the Shanghai Stock Exchange’s STAR market, a new equity bourse founded to help technology firms raise capital.
The pre-revenue listing on 21 February on the STAR market, billed as China’s answer to Nasdaq, gave Bio-Thera a valuation...





