pdf

O’Melveny Represents Hua Medicine in US$110 Million Hong Kong IPO

September 14, 2018

FOR IMMEDIATE RELEASE

Hong Kong—September 14, 2018—O’Melveny advised Hua Medicine in its US$110 million initial public offering on the Main Board of the Hong Kong Stock Exchange. This listing represented the third biotech company to successfully complete an IPO under the new biotech chapter 18A of the Hong Kong listing rules. Goldman Sachs and CLSA are the joint sponsors of the IPO.

Hua Medicine is a Shanghai-based drug development company focusing on developing a global first-in-class oral diabetes drug called Dorzagliatin for the treatment of type 2 diabetes, which represents 95% of all diabetes cases worldwide.

The O’Melveny team was led by San Francisco partner Kurt Berney and Hong Kong partner Edwin Kwok, and included counsel Paul Porter and Lillian Cheung, with assistance from associates Wendy Kan, Sydney Ryan, and Michelle Yu, and trainee solicitor Edward Poon. Counsel Will Autz and Wenting Yu provided intellectual property and corporate advice, respectively.

About O’Melveny

What do you want to achieve? It’s more than what you do: it’s how you do it. Across sectors and borders, in boardrooms and courtrooms, we measure our success by yours. And in our interactions, we commit to making your O’Melveny experience as satisfying as the outcomes we help you achieve. Our greatest accomplishment is ensuring that you never have to choose between premier lawyering and exceptional service. So, tell us. What do you want to achieve? Visit www.omm.com.

Contact:
Christopher Rieck
O’Melveny & Myers LLP
+1 212 326 2218
crieck@omm.com