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Taiwan Liposome Company files for $50M US IPO

20 February 2018 | News

TLC’s pipeline focuses on the pain management, ophthalmology, and oncology spaces

Image Courtesy- trademarkia.com

Image Courtesy- trademarkia.com

Taiwan Liposome Company,  (TLC), a clinical-stage specialty pharmaceutical company dedicated to the development and commercialization of novel nanomedicines designed to target areas of medical need in pain management, ophthalmology, and oncology, announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering in the United States of its American Depositary Shares (ADSs) representing shares of common stock. 

TLC has applied to list its ADSs on The Nasdaq Global Market under the trading symbol "TLC". The Taiwan-based company was founded in 1997 and booked $2 million in sales for the 12 months ended December 31, 2017.

TLC’s pipeline focuses on the pain management, ophthalmology, and oncology spaces. The leading product candidate, TLC599, is a sustained release dexamethasone injection which has the potential to alleviate pain suffered by some of the estimated 42 million people with knee osteoarthritis in China. TLC399 is a sustained release dexamethasone injection which aims to treat macular edema due to retinal vein occlusion, a disease estimated to affect around 7.4 million patients in China.  

Recently, TLC inked an agreement with Jixi Biotechnology Partners to form a joint venture in TLC Biopharmaceuticals (H.K.) Limited (TLCHK) with the purpose to conduct clinical studies, register, and commercialize TLC’s pipeline for the China market.

 


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