Sunday, August 19, 2018
News
NEWS HOME
»
PRN INDIA
JHL Biotech Announces Completion of Convertible Bond Issuance and Appointment of New Chief Financial Officer
  SocialTwist Tell-a-Friend  
   

HSINCHU, Taiwan and WUHAN, China, June 13, 2018 /PRNewswire/ -- JHL Biotech has raised US$106 million in a convertible bond issuance, which closed May 15, 2018. Proceeds raised from the issuance will be used for clinical trials, working capital needs and further development of the company's pipeline of biosimilar treatments. The offering brings JHL's total funding raised to date to US$320 million. VMS Investment Group was the largest subscriber for the issuance, which also included active participation from existing shareholders. Ion Pacific acted as sole financial advisor to JHL for the financing transaction.

JHL Logo High Resolution

JHL Biotech is also pleased to announce the appointment of Ellis Chu as its Chief Financial Officer, effective May 2018.   Racho Jordanov, JHL Biotech's Co-Chairman and CEO stated, "We are delighted to have someone of Ellis Chu's caliber join JHL's management team at this critical point in our company's development.   Ellis's prior experience will be an asset as business development and the capital markets become increasingly important to JHL."

"With biosimilars taking off in Asia, I am excited to join JHL which has a reputation for manufacturing excellence.  This, coupled with a management team possessing deep biologics experience, enables JHL to differentiate itself in a nascent sector that is exploding.   With several of our drugs entering late stage clinical trials this year and next, I look forward to playing an active role in helping JHL re-list and navigate its continued growth," said Chu.

Mr. Chu most recently served as a Managing Director and the Head of Greater China at Ion Pacific, an Asia-focused venture capital merchant bank. Prior to Ion Pacific, Ellis spent the bulk of his career in investment banking, including serving as Head of China Mergers & Acquisitions at Bank of America Merrill Lynch. He also held senior investment banking positions at Citigroup, Nomura and Lehman Brothers advising on transactions across multiple sectors, including healthcare. Mr. Chu holds a B.S. in Electrical Engineering from Northwestern University and an MBA from Columbia Business School.

Media Contact:
Ellis Chu: echu@jhlbiotech.com phone: +886 3-658-3899
Jill Liu: jliu@jhlbiotech.com phone: +886 3-658-3899
Amber Chen: achen@jhlbiotech.com phone: +886 3-658-3899

About JHL Biotech
JHL Biotech, Inc. is a biopharmaceutical startup founded by a group of industry veterans with deep experience in pharmaceutical development and operations. JHL is backed by premier financial firms, including Kleiner Perkins Caufield & Byers, Sequoia Capital, Biomark Capital, Milestone Capital, Fidelity, VMS Investment Group, and the China Development Industrial Bank. JHL Biotech's mission is to provide the world with low-cost medicines of exceptional quality. JHL is focused on research and development of new protein-based therapies and biosimilars. JHL has two world-class facilities built in accordance with United States, European Union, and ICH cGMP regulations and standards. For more information, please visit www.jhlbiotech.com.

Logo - https://mma.prnewswire.com/media/333015/jhl_Logo.jpg

More News by PR Newswire India

Astral Signs Varun Dhawan for Their Range of Instant Adhesive, ResiQuick

N. L. Dalmia Institute Hosts a First of its Kind Conclave on Design Thinking

Frost & Sullivan's 2018 GIL Africa Awards and CEO Think Tank to focus on Digital Transformation in helping Africa grow

Metropolitan Stock Exchange of India (MSE) Selected as Brand Of The Year 2018 in Emerging No. 1 Category Researched by WCRCINT+

Polygoons Inc. Announces the Launch of its Advanced Augmented Reality Game

Sandeep Marwah Awarded With Honorary Doctorate Once Again

AAFT Breaks all Records of Media Training With Inauguration of 100th Batch

HCL Corporation and The Habitats Trust Tie-up With Animal Planet to Create Awareness About the Need to Save Species and Their Habitats With 'On the Brink'

The 13th Fi India & Hi Expo Debuts in Greater Noida With a Buffet of Innovative Features

Namaste Chat Launches India's Very on Messaging App

NIA Limited Partners With Zuper for Workforce Management

Gokulam Kerala FC Ties Up With Leading Sports Nutrition Brand Fast&Up

Convergia Selects FatPipe Networks as SD-WAN Partner

Canadian International School (CIS) Students Shine With Outstanding IGCSE and IB Results

CellPoint Mobile Grows its Sales Team in Asia-Pacific

World's Largest 3-D Printed Reef Installed at Summer Island Maldives

Mohammed bin Rashid Al Maktoum Knowledge Award 2018 Receives Applications From 34 Countries

Venture Global LNG Announces Additional Private Placement Funding of $160 Million: Aggregate Funding Total Reaches $630 Million

Foundation for a Smoke-Free World Shares Preliminary Health, Science, and Technology Agenda, and Issues Multimillion Dollar Request for Proposals for Biomarker Development

Optiva Appoints Jason Rouault as Chief Technology Officer

Xoxoday Wins the Top 100 SME Award of India 2018

US-Based Public Performance Rights Organization Pro Music Rights Reaches a 7.4% Market Share Making It The 3rd Largest Public Performance Rights Organization In The United States

Jana Small Finance Bank Raises Customer Aspiration From Financial Inclusion to Financial Independence on Jana Diwas

Bitcoin SV Full Node Implementation Launched to Fully Restore Original Bitcoin Protocol

Automobili Pininfarina Presents the Future of the Hypercar in Pebble Beach

Insurance Company NOVIS selects IBM Cloud to expand its business globally

Handheld Expands Agreement With World's Leading Package Delivery Company

Datamatics Q1 FY2019 Net Profit at INR 216 Million; Up by 34% y-o-y

STT GDC honored with Frost & Sullivan's 2018 Asia-Pacific Data Center Services Competitive Strategy, Innovation, and Leadership Award

Singtel recognized with 2018 Asia-Pacific Telecom Group of the Year and Asia-Pacific Managed Cloud Services Competitive Strategy, Innovation & Leadership awards by Frost & Sullivan

The World's Best Gin for Gin and Tonic Comes from Germany: GINSTR Wins London Award

ESPN India Commends the Performance of LiveU's LU600 HEVC at the FIFA World Cup™ in Russia

Innodisk Accelerating AIoT to NVMe PCIe Speeds

Asia-Pacific's Leading ICT Companies Honored at Frost & Sullivan's 2018 ICT Awards

Expedia Group To Become Official UEFA Champions League Sponsor

SI Group Rises to the Top 7 Percent for Global Corporate Social Responsibility

Surescripts Recognized by Frost & Sullivan for Revolutionizing E-Prescribing with Prescription Price Transparency and Authorization at the Point of Care

Merck Awarded Australian CRISPR Nickase Patent for Foundational Genome-Editing Technology

Growth Opportunities in the Global Phytonutrients Market

Greater Consolidation of the Industrial Water Solutions Market to Create Growth Opportunities for Design and Engineering, finds Frost & Sullivan

Aggressors and Missile Enhancements Enable Fresh Growth of Global Surface-to-Air Missile Sector

UL launches Self-Test Platform to accelerate EMV® 3-D Secure adoption

Global Security and Evacuation Services Company SafePro Group Launches its Services in Asia

Honor 10 named 'EISA Lifestyle Smartphone 2018 - 2019'

DATAVLT Partners Hacken to bring the Forefront of Cybersecurity to ASEAN

Sika Automotive Earns Accolades from Frost & Sullivan for its Range of Next-generation Automotive Adhesives

Crypto Night Returns with a Blockchain Crash Course by Developers, Crypto Analysts and Industry Experts

Nexteer Automotive Reports Strong First Half 2018 Financial Results

GardaWorld Launches Enhanced Crisis24 Security Dashboard: Your Trusted Source for Timely and Vetted Global Information

RDP Announces Affordable ThinBook 11.6” With User-Friendly Features

National Car Rental Brand's Upgraded Technology Delivering Even Greater Innovation and Service

NEOFECT Commended by Frost & Sullivan for Introducing NEOFECT RAPAEL, its Gamification-based Smart Rehabilitation Solutions

D'lecta Expands Product Portfolio With the Launch of Feta Cheese

The Fura Retail Jeweller India Awards 2018 Unveils the Top 100 Precious Jewellery Designs of India

India Unites to Win #71for71 Challenge; Shayan Italia's Jana Gana Mana Crosses 71 Million YouTube Views

Thailand's investment promotion to emphasize on 3 national agendas Competitiveness, disparity reduction, sustainability

Precious Jewellery Brand Melorra Brings Global Runway Trends to New Age Consumers

HH Global Announces First Quarter Fiscal Year 2019 Financial Results

Term Plan With Benefits: Introducing Edelweiss Tokio Life - Zindagi+

China's co-working Unicorn ucommune completes US$43.5mn funding, led by Prosperity Holdings

NCH India Introduces an Automated Water Treatment System - A Win for Water Conservation

IILM University Conducts Prelims of IILM Young Citizen Award for Innovation and Social Impact in Collaboration With UN Global Compact Network India

FuGenX Technologies' was Acknowledged as One of the 20 Promising Mobile Application Solution Providers- 2018, by CIOReview Magazine

Confidence Petroleum Raises INR 78 Crore

JA Solar's Cumulative Shipments to Japan Exceeds 3GW

MTO Global Selects Oracle Cloud to support blockchain based customer loyalty programme, M2O

Kaneka officially starts continuous manufacturing under GMP

Empire State Realty Trust Announces Annual "ESB Moment" Photo Contest With $5,000 Cash Prize

Block Seoul assembles industry leaders David Paterson, Lt. General James Clapper, Bobby Lee, and Jung-Hee Ryu, PH.D, and others to elevate the discussion of how humans connect through technology.

Sprint Business Earns Frost & Sullivan's New Product Innovation Award for Its MultiLine Mobile Business Solution

Underage Survivors of Commercial Sexual Exploitation (CSEC) Battle a Long Winding, Tough Road to Justice: Faced With Impunity, Deceit and Numerous Other Hurdles

SWAFF Gathers Nations on the Threshold of a New Era for World Football

Michael Kors Launches Iconic Runway Watch As A New Smartwatch

GuardKnox's Patented Cybersecuity Technologies for Vehicles Earn Acclaim from Frost & Sullivan

Rustomjee Enters Sponsorship Agreement With MDFA

Egencia® Analytics Studio: the Only Data Visualisation Tool Created Specifically for Business Travel

GTPL Hathway's Consolidated Q1 FY2019 Revenue at Rs 3035 Million, up 16% Y-o-Y

Kusumanjali Foundation Announces Winners for Kusumanjali Sahitya Samman 2018

CIFF Shanghai 2018 will be displaying new products and choice brands at a show that will set the trend for home furnishings

Rakhibazaar.com is Hosting Raksha Bandhan Shopping Spree With Fabulous Gifts and Rakhis

Miles Software Enters Into Strategic Partnership With State Bank of Mauritius Group to Launch MoneyWare Across the Bank and the NBFC

ILANTUS Announces Affordable IAM for SMBs With 'Compact Identity'

Chitkara University, in Collaboration With Red Hat Academy, Offers Certification Programs to Engineering Students

Seraphim Opens 300 MW Module Plant in South Africa

AdvanIDe offers RAIN RFID - NXP UCODE(R)8 small reliable package

HBX Launches Strategy Execution Program For Senior Executives Via HBX Live Classroom

Felicity Adobe Launches SwarnaGriha I -Homes for All in Tumkur, Karnataka

Alfa Laval Simplifies Lube Oil Cleaning With New Content Hub

DAMAC Properties and Radisson Hotel Group to Launch Radisson Hotel, Dubai DAMAC Hills

National Car Rental and Deem Announce Innovative Partnership to Offer New "National Car and Driver" Service in China

Anant National University Gears Up for New Academic Session

Adjust Expands Global Presence Into India to Tap Region’s Robust Advertising Industry

The Stars Group and Mount Airy Casino Resort Partner to Launch Online Sports Wagering and Gaming in Pennsylvania

BORN Launches A New Global Digital Experience For Tetley Tea with Acquia

Hindalco Reports Q1 FY19 Results

Saksoft EBITDA Increases by 46.82% Y-o-Y

Cision Names Gregg Spratto As Chief Operating Officer

Onlymobiles.com Breaks Shackles of Cashback Convention, Offers 7.2% Instant Discount on all Top Brands

Daekyo Acquires Global AI-Based Math EdTech Company Knowre

Simplilearn and People Matters Research Study Assesses the State of Onboarding in India

Trina Solar provides 167MW of PV modules to Europe's largest PV project

PharmaLytica 2018 Showcases the Latest in Quality Assurance, Technology, Quality Culture and Regulatory & Compliance Standards for the Pharmaceutical Sector

HORIBA Automotive Test Systems Signs Agreement to Acquire FuelCon AG

Casio Targets Counterfeit Products in Gaffar Market, New Delhi

Industry Requires US$100 Bn Investment to Meet 5G Targets

Anticipation Builds for Upcoming GPL India Bootcamp as Online Qualifiers Draw to a Close

Adda52’s GayleStorm Creates Record in Online Poker Tournaments History

Makeblock Certified Again in 2018 by Kokoa Standard for High Educational Quality

Embedded Safety & Security Summit (ESSS) 2018 Brings Together the Automotive Community

 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
INDIA WORLD ASIA
Tejaswi demands expulsion of senior JD (...
Telangana govt sends 20 tonnes of milk p...
Illustrations on vintage postcards, lett...
Kerala diaspora in Middle East helps flo...
Photojournalist missing from MP capital...
Asian Games 2018: Bajrang Punia storms i...
More...    
 
 Top Stories
ED to move HC against appellate tri... 
Back series GDP data not official e... 
Swimmers Nataraj, Prakash finish fi... 
802 pilgrims pay obeisance at Amarn... 
J&K Govt bans posting of teachers i... 
Hameed Karra expresses concern over... 
One arrested in ATM cheating case i... 
DGP reviews security arrangements f...