May 17, 2020

Shanghai Henlius Biotech Inc is reportedly planning its IPO offering

China
pharmaceutical
China
Catherine Sturman
2 min
edge computing
As Hong Kong is looking to overhaul its traditional IPO rulings in order to create further competition with New York, Shanghai Henlius Biotech is set to...

As Hong Kong is looking to overhaul its traditional IPO rulings in order to create further competition with New York, Shanghai Henlius Biotech is set to benefit from these changes.

Bloomberg has reported that the company is looking to go public under the change in rulings, and could be the first biotech company in the country to do this, attracting further investment. The country is one of largest pharmaceutical players in the world.

By selling a large number of shares, the subsidiary of Shanghai Pharmaceutical Group could gain up to $500 million, which will enable the business to further its research and development in oncology and autoimmune diseases.

Chinese based biotech companies have previously only been able to list on the US, limiting the growth of drug production and research.

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Enabling companies which have previously earned limited revenue to list will also lead to increased engagement from national and international investors who understand the complexities surrounding business in Hong Kong and its local audience, as well as provide an overall boost to the city’s economy.

“The rule changes to allow dual-class shares will enhance Hong Kong’s competitiveness vis-a- vis the US, especially for Chinese technology IPOs. It is the right timing for Hong Kong to make these changes. It will be a game changer,” commented Mervyn Chow, Chief Executive at Credit Suisse.

Additionally, Chinese biotech Hua Medicine is also looking at the advantages of an IPO in Hong Kong as it is in the final stages of developing a diabetes drug, as well as invest significantly in its research and development, according to the South China Morning Post.

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Jun 17, 2021

Check Point: Securing the future of enterprise IT

HOOPP
Checkpoint
3 min
Erez Yarkoni, Global VP, explains how a three-way partnership between Check Point, HOOPP, and Microsoft is yielding optimum cloud security

Cybersecurity solutions provider Check Point was founded in 1993 with a mission to secure ‘everything,’ and that includes the cloud. Conscious that nothing remains static in the digital world, the company prides itself on an ability to integrate new technology with its solutions. Across almost three decades in operation, Check Point, with its team of over 3,500 experts, has become adept at protecting networks, endpoints, mobile, IoT, and cloud.

“The pandemic has been somewhat of an accelerator in the evolution of cyber risk,” explains Erez Yarkoni, Global VP for Cloud Business. “We had remote workers and cloud adoption a long time beforehand, but now the volume and surface area is far greater.” Formerly a CIO for several big-name telcos before joining Check Point in 2019, Yarkoni considers the cloud to be “part of [his] heritage” and one of modern IT’s most valuable tools.

Check Point has three important ‘product families’, Quantum, CloudGuard, and Harmony, with each one providing another layer of holistic IT protection:

  • Quantum: secures enterprise networks from sophisticated cyber attacks
  • CloudGuard: acts as a scalable and unified cloud-native security platform for the protection of any cloud
  • Harmony: protects remote users and devices from cyber threats that might compromise organisational data

 

However, more than just providing security, Yarkoni emphasises the need for software to be proactive and minimise the possibility of threats in the first instance. This is something Check Point assuredly delivers, “the industry recognises that preventing, not just detecting, is crucial. Check Point has one platform that gives customers the end-to-end cover they need; they don't have to go anywhere else. That level of threat prevention capability is core to our DNA and across all three product lines.”

In many ways, Check Point’s solutions’ capabilities have actually converged to meet the exact working requirements of contemporary enterprise IT. As more companies embark on their own digital transformation journeys in the wake of COVID-19, the inevitability of unforeseen threats increases, which also makes forming security-based partnerships essential. Healthcare of Ontario Pension Plan (HOOPP) sought out Check Point for this very reason when it was in the process of selecting Microsoft Azure as its cloud provider. “Let's be clear: Azure is a secure cloud, but when you operate in a cloud you need several layers of security and governance to prevent mistakes from becoming risks,” Yarkoni clarifies. 

The partnership is a distinctly three-way split, with each bringing its own core expertise and competencies. More than that, Check Point, HOOPP and Microsoft are all invested in deepening their understanding of each other at an engineering and developmental level. “Both of our organisations (Check Point and Microsoft) are customer-obsessed: we look at the problem from the eyes of the customer and ask, ‘Are we creating value?’” That kind of focus is proving to be invaluable in the digital era, when the challenges and threats of tomorrow remain unpredictable. In this climate, only the best protected will survive and Check Point is standing by, ready to help. 

“HOOPP is an amazing organisation,” concludes Yarkoni. “For us to be successful with a customer and be selected as a partner is actually a badge of honor. It says, ‘We passed a very intense and in-depth inspection by very smart people,’ and for me that’s the best thing about working with organisations like HOOPP.”

 

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