Chinese start-up breaks US monopoly in 3D imaging of biomolecules, aims for IPO in 2027

Chinese start-up breaks US monopoly in 3D imaging of biomolecules, aims for IPO in 2027

Shuimu BioSciences, a Chinese start-up specialising in advanced imaging devices for viruses and smaller biomolecules, is aiming for an initial public offering in 2027 after selling its first self-developed product this year, according to CEO Allen Guo Chunlong. The company focuses on cryo-electron microscopy (Cryo-EM), a technique that involves firing beams of electrons at flash-frozen…

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China pharma firms turn to local reagent suppliers to cut costs and delivery times

China pharma firms turn to local reagent suppliers to cut costs and delivery times

By Andrew Silver SHANGHAI (Reuters) -Pharmaceutical research and development firms in China are increasingly interested in procuring critical supplies known as reagents from local manufacturers, industry executives and managers said, as they seek to cut costs and delivery times. Western reagent suppliers including U.S.-based Thermo Fisher Scientific and Germany’s Merck have profited in the world’s…

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