As U.S. Takes Aim at China Drug Makers, Innovators Appear at Biggest Risk

Washington’s campaign to keep cutting-edge technology out of China took a new twist late last week with the addition of Chinese medical companies to U.S. blacklists Key takeaways: Washington has blacklisted 37 medical-related companies, most of them Chinese, over concerns their skills and technology could be used to help the Chinese military Shares of companies that develop their own drugs are coming under more pressure than peers who license drugs from third-parties following the move   By Doug Young In these troubled times of U.S.-China tensions, sometimes being a copycat has…

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FAST NEWS: SenseTime Postpones IPO After U.S. Blacklisting, But Vows to Press On

The latest:  Chinese artificial intelligence (AI) company SenseTime Group Inc. (0020.HK) announced on Monday it is postponing its listing plan in Hong Kong after being added to an investment blacklist by the U.S. Treasury Department last Friday. Following the decision, all funds will be fully returned to applicants for IPO shares without interest. Looking up: The company said it made the decision to protect potential investors, and remains committed to completing the IPO soon. SenseTime expects to publish a supplemental prospectus, including an updated listing timetable and other relevant information. Take Note:…

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FAST NEWS: U.S. to Blacklist SenseTime on IPO Pricing Day – Report

The latest: The U.S. Treasury Department will add Chinese artificial intelligence (AI) company SenseTime Group Inc. (0020.HK) to an investment blacklist on Friday, the same day the company is set to price its Hong Kong IPO, the Financial Times reported. Looking up: SenseTime previously indicated in its IPO prospectus there were risks related to international trade policies, geopolitics and trade protection measures. Accordingly, it did not rule out the imposition of broader restrictions and may have made preparations for such sanctions. Take Note: There are no U.S.-owned underwriters working on SenseTime’s…

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