Summary by Futu AI
Rong Cheong Bio announced that it will issue A shares to specific audiences in 2024 to meet the capital needs of the company's business development, enhance capital strength and profitability. The company, a listed company on the Shanghai Stock Exchange, is designed to accelerate the clinical and pre-clinical research of the company's R&D pipeline projects and promote the listing process of related products domestically and abroad. Rong Cheong Biologics has several candidate biopharmaceutical products, including the world's first B lymphocyte stimulant factor dual-target innovative fusion protein product. The Company plans to further enhance the R&D capabilities of innovative biopharmaceuticals in the fields of oncology, autoimmune diseases and ophthalmology through this fundraising investment project. The...Show More