Hasten announces acquisition of 14 Celltrion legacy products, accelerating its business expansion in the Pan-Asia area

Hasten Biopharmaceutical Co., Ltd. (referred to as "Hasten") announced that it has successfully acquired the asset rights of 14 branded products across Pan-Asia countries and regions from Celltrion, a South Korean biopharmaceutical company. The deal will enrich Hasten's product pipeline across 8 countries and regions outside mainland China, combined with more qualified global supply chain and a quality management system, which will surely pave the way for access to more high-quality products in the Pan-Asia Area.

This successful acquisition, facilitated by CBC Group's extensive experience in large-scale cross-border buyouts and platform building, jointly strengthens the development of the global healthcare ecosystem. As the acquisition lays a solid foundation for the company's business expansion in Pan-Asia, Hasten is well positioned to become a leader in the chronic disease ecosystem.

"This acquisition is strategically important to Hasten's continued growth and we're delighted to be part of the company's expansion journey." Fu Wei, CEO of CBC Group stated, "Driven by the dual forces of 'Hasten Speed' and 'Hasten Power', the company is well-positioned to tap into more potentials and benefit more patients. Moving forward, we will continue to leverage our unique 'Investor-Operator' approach to support Hasten in making a collective impact. By joining forces, we aim to build a health ecosystem spanning the Pan-Asia region and beyond, providing high-quality treatments and services to more patients, contributing to the development of the global healthcare industry."

Summer XIA, CEO of Hasten, said, "This acquisition marks a significant step in Hasten's business expansion in Pan-Asia and serves as an important milestone of our globalization trajectory. By expanding a commercial layout spanning multiple regions in Pan-Asia and covering more classic products, we have broadened Hasten's product portfolio while paving the ways for more high-quality products accessing Pan-Asia. This aligns with Hasten's development strategy of 'Pursuing Steady Progress'. We will continue to make full use of our commercialization capability and innovative business models to serve patients in Pan-Asia and even globally with quality products and solutions, so as to create the social health value."

Committed to taking root in China while thinking globally, Hasten is rapidly advancing the expansion of its business footprint across the Pan-Asia region through its "whole industry" and "globalization" strategies, setting the stage for its future growth. Moving forward, the company will continuously introduce innovative products and optimize its product portfolio while enhancing its research and production capabilities. Furthermore, by bolstering international collaborations and leveraging its commercialization advantages with uniquely "Hasten Speed", the company will further contribute to global healthcare industry development and benefit more patients.