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Brii Biosciences Files US Arbitration Against Vir Biotech Over Elebsiran Deal; Shares Slip 5%

Brii Biosciences (HKG:2137) initiated arbitration proceedings in the U.S. against Vir Biotechnology over an alleged breach of a collaboration agreement, according to a Thursday Hong Kong bourse filing.Shares of the drugmaker were down nearly 5% in Friday morning trade.Brii alleges that Vir breached the agreements and is seeking, among other remedies, the transfer of manufacturing responsibilities for its hepatitis B drug candidate elebsiran, as well as damages, including lost profits and invested costs.The company said the arbitration is at an early stage and it is unable to assess the financial impact at this time.

$HKG:2137

Asia8d ago

5E Advanced Metals Gains Approval for Voluntarily Australian Delisting

5E Advanced Metals (ASX:5EA) has received approval from the Australian Securities Exchange for a voluntary delisting, according to a Friday filing with the bourse.The company expects the delisting to occur on May 28 and its CHESS depositary interests, or CDIs, to cease trading from the close of market on May 26.It will remain listed in the US on the Nasdaq Global Select Market under the ticker symbol "FEAM."5E Advanced Metals said that as of Feb. 27, only about 4.2% of its common shares were represented by CDIs, and the trading volume of its CDIs on the Australian exchange has also declined compared with the activity on Nasdaq.The company believes that the obligations and costs of maintaining an Australian listing are no longer in its best interests.Shares of 5E Advanced Metals were down nearly 22% in recent Friday trade.

$ASX:5EA

Asia8d ago

Haitian International to Purchase Assets, Machines, Equipment for 173 Million Yuan

Haitian International (HKG:1882) agreed to purchase certain machinery from its associate Ningbo Haitian Precision Machinery (SHA:601882) for around 173.4 million yuan, according to a Hong Kong bourse filing Thursday.Shares of the plastic injection molding machines manufacturer fell over 1% in morning trade Friday.The assets to be purchased include an automatic processing line, CNC turning machines, machining centers, and related equipment.

$HKG:1882$SHA:601882

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Financial News · Live Terminal

Brii Biosciences Files US Arbitration Against Vir Biotech Over Elebsiran Deal; Shares Slip 5%

5E Advanced Metals Gains Approval for Voluntarily Australian Delisting

Haitian International to Purchase Assets, Machines, Equipment for 173 Million Yuan

Brii Biosciences Files US Arbitration Against Vir Biotech Over Elebsiran Deal; Shares Slip 5%

5E Advanced Metals Gains Approval for Voluntarily Australian Delisting

Haitian International to Purchase Assets, Machines, Equipment for 173 Million Yuan

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