Category: 3. Business

  • IT meltdowns have grounded planes. What airlines can learn from them : NPR

    IT meltdowns have grounded planes. What airlines can learn from them : NPR

    Alaska Airlines is the latest airline to ground its planes because of an IT meltdown. We talked to industry leaders about why these systems fail and what airlines can learn from past disruptions.



    LEILA FADEL, HOST:

    Millions of Americans will fly this holiday week. Every one of those flights depends on complex computer systems to manage the crew, assign the seats and more. Occasionally those systems fail, and when they do, it can ground an entire airline. NPR’s Joel Rose talked to industry leaders about why these IT meltdowns happen and how their systems can improve.

    JOEL ROSE, BYLINE: Tony Scott had already boarded his flight from Seattle to Dallas back in July when the crew asked all the passengers to deplane.

    TONY SCOTT: So we got off. And I noticed right then that many other flights with the same airline were being canceled.

    ROSE: That was around 8 p.m. on a Sunday night. Within a few hours, Alaska Airlines would cancel hundreds of flights, many of them out of its hub at the Seattle-Tacoma International Airport.

    SCOTT: It was chaos because the baggage people were clearly overwhelmed. The customer service people were overwhelmed. Every aspect of it was, you know, just a disaster and left people with no information, the wrong information.

    ROSE: Scott wound up sleeping on the floor of the airport that night, along with hundreds of other people. Now, Scott is not just a disgruntled traveler. He’s also the former chief information officer at Microsoft and the federal government under President Obama. Scott is now the CEO of a cybersecurity company called Intrusion. And he has some theories about why airline computer systems are prone to major IT meltdowns, like the one he experienced firsthand.

    SCOTT: It’s a spider’s web of technology that’s been used to automate everything that they do, all architected at different times from different people. If you were to sit down and do it from scratch, you would never, ever design it the way that it is.

    ROSE: Alaska joined the long list of airlines that have been forced to ground their planes because of IT outages in recent years. Each of these incidents is a bit different, from the faulty software update that grounded thousands of Delta Airlines flights last year to the holiday meltdown that brought Southwest Airlines to its knees three years ago. But industry leaders say there are some conclusions we can draw about why these systems fail and what airlines can learn from past disruptions.

    EASH SUNDARAM: It’s the backbone of this ecosystem that is extremely fragile.

    ROSE: Eash Sundaram is the former chief information officer of JetBlue Airlines, who now works in venture capital. Sundaram says the airline industry is unusual because there is not a lot of commercially available software for much of what they do. So the airlines either have to build their own systems or cobble them together from multiple vendors.

    SUNDARAM: The challenge is when one falls apart, it’s cascading pretty quick. All it takes is, like, a hundred flights to be canceled so it can completely shut down the entire network.

    ROSE: And once an airline’s network goes down, it’s not easy to get it running again. That’s a lesson Southwest Airlines learned the hard way three years ago when a major winter storm slammed much of the country. While other airlines managed to get their operations up and running again within days, Southwest did not.

    LAUREN WOODS: We were highly impacted in a couple key cities that were very crucial to our crew network.

    ROSE: Lauren Woods is the chief information officer at Southwest. She had just been named to that job and hadn’t officially started yet in December of 2022. Since then, Wood says the airline has made big investments in its technology, including the system that manages its flight crews.

    WOODS: We will see problems much earlier in the process, especially around our crew network, which is why we’ve been able, since then, to weather actually even bigger disruptions. Those capabilities and those investments we made really help us be a much better airline going forward.

    ROSE: Southwest is not immune to tech problems, Woods says. But now the airline is able to respond quickly and proactively.

    WOODS: We may have a tech outage. But you care less about it if it’s a five-minute recovery and I have many of those, versus I had one major tech outage, and it took me down for a day.

    ROSE: IT outages will happen again, in other words. It’s just a question of when. And the test for airlines is how quickly they can get their planes and their customers back in the air.

    Joel Rose, NPR News.

    (SOUNDBITE OF CHILDISH GAMBINO AND AZEALIA BANKS SONG, “II. EARTH: THE OLDEST COMPUTER (THE LAST NIGHT)”)

    Copyright © 2025 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

    Accuracy and availability of NPR transcripts may vary. Transcript text may be revised to correct errors or match updates to audio. Audio on npr.org may be edited after its original broadcast or publication. The authoritative record of NPR’s programming is the audio record.

    Continue Reading

  • Beijing aims to achieve application of 100 industry-specific large models-Xinhua

    BEIJING, Dec. 25 (Xinhua) — Beijing plans to achieve the application of 100 industry-specific large models by 2028, according to an implementation plan for the Chinese capital’s open-source ecosystem released by the municipal bureau of economy and information technology.

    The plan also aims to cultivate 10 internationally influential open-source projects, including at least five globally leading ones. It will also cultivate 30 domestic high-profile open-source projects, with no less than 10 in the field of artificial intelligence (AI).

    To support this goal, the city will encourage open sharing of hardware resources, data and tools. It will also back the development of AI open-source platforms that integrate model development with computing-power scheduling.

    Beijing encourages large firms to open-source their technologies for SMEs, supporting future industries in reducing R&D costs through open source, and facilitating financing for high-potential companies.

    To advance open-source commercialization, the city is cultivating renowned open-source businesses and specialized operating organizations, guiding patient capital into early-stage hard tech investments, and prioritizing open-source software firms for listing plans.

    Continue Reading

  • Chinese shares close higher Thursday-Xinhua

    Chinese shares close higher Thursday-Xinhua

    This photo taken on Oct. 8, 2024 shows the Shenzhen Stock Exchange in Shenzhen, south China’s Guangdong Province. (Xinhua/Liang Xu)

    BEIJING, Dec. 25 (Xinhua) — Chinese stocks closed higher on Thursday, with the benchmark Shanghai Composite Index up 0.47 percent to 3,959.62 points.

    The Shenzhen Component Index closed 0.33 percent higher at 13,531.41 points.

    The combined turnover of these two indices totaled 1.92 trillion yuan (about 272.8 billion U.S. dollars), up from 1.88 trillion yuan the previous trading day.

    Stocks related to aircraft manufacturing and ceramics led the gains, while shares in the furniture and tourism sectors saw major declines.

    The ChiNext Index, tracking China’s Nasdaq-style board of growth enterprises, gained 0.3 percent to close at 3,239.34 points Thursday. 

    Continue Reading

  • Wish it could be Christmas every day? In this Bonavista shop, it is

    Wish it could be Christmas every day? In this Bonavista shop, it is

    Listen to this article

    Estimated 3 minutes

    The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.

    For one shop on Newfoundland’s Bonavista Peninsula, it’s Christmas every day.

    Three years ago Gina Little opened Christmas 1497 Bonavista Inc., a store in the town of Bonavista that sells all things Christmas all year round. She said the busiest time is the months and weeks leading up to December 25.

    No matter the season people visit, they’ll get the Christmas experience at Little’s store. 

    “When you come in here — if you come in July, you come in February — you’re getting the Christmas spirit,” Little told CBC Radio’s The St. John’s Morning Show.

    That spirit includes Christmas music too and though it might not be for everyone, Little said her staff don’t mind.

    “The ladies that work for me are fantastic. They don’t complain about the music,” Little said.

    Something for everyone 

    The store offers a range of styles and prices, Little said, adding she’s noticed some items resonate with customers more than others.

    “[It] reminds people of their childhoods, of their grandparents, of their mom and dad. The vintage ones are I think my favourite,” Little said. 

    Bows have been popular amongst customers this year too, she said.

    “I tell people whatever you love — you love the reds and golds? Go for it. If you love the pinks and greens, there’s so much different variety that you can do,” Little said. 

    Woman stands next to christmas tree
    Little says people from all over the world have come through her shop’s doors. (Submitted by Gina Little)

    Little hopes she can spread some Christmas cheer with her store. 

    “We have a lot of repeat customers. And I love the people that come in, and they’re having a hard day, and they listen to a bit of Christmas music and go around, and they tell me they feel better when they leave,” Little said. 

    “That makes it so much more worth it for me.”

    ‘Give it a shot’

    Little said every time she travels, she looks for a Christmas store, adding she’s not the only one who seeks out all things merry and bright on vacation either.

    “We had tourists from all over the world this year,” Little said.

    The store also offers shipping for folks who run out of room in their suitcases, she added.

    Little said opening a Christmas store had been a dream of hers for a long time, though at first she wasn’t sure a shop like Christmas 1497 Bonavista Inc. would succeed in town. Still, she decided to forge ahead.

    “The way our town has grown in the last 10 years, with online now being accessible, I thought I’d give it a shot,” Little said.

    Though she has customers stopping into the shop all year-round, it isn’t always easy in the off-season but Little remains optimistic. 

    “Any new business starting up, it’s a struggle anyway, but especially when you do a unique store that’s year round,” Little said.

    “It’s very hard but we’re making it work so far and I’m open to continuing to make it work.”

    Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Sign up for our daily headlines newsletter here. Click here to visit our landing page.

    Continue Reading

  • prices surge as rally heads towards US$5,000 in 2026, analysts forecast

    prices surge as rally heads towards US$5,000 in 2026, analysts forecast

    Gold has hit multiple records in 2025, but analysts believe the rally is far from over, with some forecasting the yellow metal could climb to US$5,000 per ounce amid geopolitical tensions and a buying spree by central banks.

    Spot gold broke through the US$4,500-per-ounce mark for the first time, reaching a record US$4,510 on Christmas Eve on Wednesday, which was 72 per cent higher than the end of last year, when it stood at US$2,624.

    This was the biggest annual jump for the precious metal, exceeding the 70 per cent rise in 1979, according to Brian Fung, CEO of the Hong Kong Gold Exchange. The increase followed a 26 per cent surge in 2024.

    Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.

    Local prices rose in tandem, with gold in Hong Kong hitting a record HK$41,855 (US$5,382) per tael (37.51 grams) on Monday, according to the exchange.

    Fung expected the rally to continue in 2026, with prices potentially hitting US$5,000 per ounce.

    “The gold rally in 2025 was driven by expectations of interest-rate cuts, geopolitical tensions, and tariffs introduced by US President Donald Trump,” Fung told the Post. “Individual investors and central banks wanted to diversify away from US dollar assets, and gold became a safe-haven alternative.”

    The Hong Kong government is rolling out big plans in 2026 to position the city as a global commodities trading hub. Photo: Shutterstock alt=The Hong Kong government is rolling out big plans in 2026 to position the city as a global commodities trading hub. Photo: Shutterstock>

    He said all the factors supporting gold showed “no sign of disappearing any time soon, which is why prices are set to go up further in 2026”.

    Goldman Sachs lifted its gold price forecast for December 2026 to US$4,900 per ounce, with analyst Lina Thomas citing strong structural demand from central banks and easing by the US Federal Reserve.

    Morgan Stanley predicted US$4,500 per ounce by mid-2026, while Bank of America and JPMorgan both expected prices to surpass US$5,000 per ounce by the end of 2026.

    Fung said central bank buying remained a major driver of the rally. “Central banks traditionally invest in US Treasuries and other US dollar assets,” Fung said. “But amid rate cuts and geopolitical tensions, they want to decrease their holdings in US dollar and gold has become a natural choice.”

    In October, China reduced its US Treasury holding to its lowest level in 17 years, falling to US$688.7 billion from US$700.5 billion in September, according to US Treasury Department data.

    At the same time, Beijing ­extended its gold-buying streak for a 13th straight month in November, adding 30,000 ounces to its reserves. That brought its total stock to 74.12 million ounces, worth US$310.6 billion, official data showed.

    Amid the rally, the Hong Kong government is rolling out big plans in 2026 to position the city as a global commodities trading hub.

    All the factors supporting gold – including tariffs and geopolitical tensions – show no sign of disappearing any time soon, according to some traders. Photo: EPA alt=All the factors supporting gold – including tariffs and geopolitical tensions – show no sign of disappearing any time soon, according to some traders. Photo: EPA>

    This included plans to establish a gold central clearing system and a gold industry association, and to deepen cooperation with the Shanghai Gold Exchange to expand its influence in international gold pricing, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said on Monday.

    The government’s newly formed Commodity Strategy Committee held its first meeting on Monday under Financial Secretary Paul Chan Mo-po, as Hong Kong looked to build a commodities ecosystem that would generate new growth beyond traditional finance.

    “For investors, the question is not whether gold is ‘too high’, but what role it plays,” said Stephen Innes, a managing partner at SPI Asset Management.

    “If gold is being treated as a short-term trade, then timing matters and patience is required,” he said. “But if gold is held as insurance against policy error, currency debasement, or systemic shocks, then price becomes secondary to purpose.”

    Innes added: “You don’t buy insurance because it’s cheap; you buy it because the cost of not having it rises quietly until it’s too late. And this is the central bank footprint where buyers have become price-agnostic.”

    This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP’s Facebook and Twitter pages. Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved.

    Copyright (c) 2025. South China Morning Post Publishers Ltd. All rights reserved.


    Continue Reading

  • EBRD backs new Voli distribution centre to boost competitiveness in Montenegro

    EBRD backs new Voli distribution centre to boost competitiveness in Montenegro

    • The EBRD is providing an equity investment of up to €25 million in Voli Trade to build a modern logistics and distribution centre in Podgorica, Montenegro
    • The project will boost Voli’s operational efficiency, drive digital transformation and deliver top-tier energy efficiency
    • Dedicated support for digitalisation and cybersecurity, and a targeted internship programme, will promote competitiveness and equal opportunities in the sector

    The European Bank for Reconstruction and Development (EBRD) is investing up to €25 million in Voli Trade, Montenegro’s largest food retailer, to finance the construction of a state-of-the-art logistics and distribution centre in Podgorica. This strategic investment will strengthen Voli’s operational efficiency, support its digital transformation and reinforce the firm’s commitment to sustainability and inclusion.

    The new logistics and distribution facility will span 25,600 m2, featuring advanced energy-efficiency measures to achieve an energy rating significantly above national requirements.

    The EBRD’s investment includes dedicated technical assistance for digitalisation and cybersecurity, supporting Voli in adopting modern systems of warehouse and vendor management and in piloting platforms to improve cyber resilience. The investment will enable a targeted internship programme focused on women, to address underrepresentation and promote equal opportunities in the sector.

    Tamara Tosic, EBRD Regional Head of Food and Agribusiness, South-Eastern Europe, said: “Our investment supports Voli as it scales up its operations and strengthens its platform for long-term growth. Enhancing distribution infrastructure and data-driven capabilities is central to building resilient and competitive food retail businesses across the region.”

    Remon Zakaria, EBRD Head of Montenegro, commented: “This investment marks a new chapter in our partnership with Voli. By supporting the construction of a modern logistics centre and advancing digital and green standards, we are helping Voli strengthen its competitiveness, drive sustainable growth and set new benchmarks for the retail sector in Montenegro.”

    Dragan Bokan, Chairman of Voli Trade, added: “The contract we signed today is a strong incentive not only for Voli, but also for the overall development of a modern, competitive retail sector in Montenegro. I would like to emphasize in particular, how much cooperation with such a respectable European institution as the EBRD means to us. A partnership with a financial institution of such credibility is not just financial support – it is confirmation that Voli meets the highest European standards and is a reliable long-term partner. At the same time, it is a strong message that Montenegrin companies, when they operate in a disciplined, strategic and responsible manner, can be part of European trends and be recognized as valuable investment opportunities. I would like to take this opportunity to thank the EBRD for the trust it has shown us for almost two decades. This partnership has grown based on mutual respect, professionalism and the belief that development must be accompanied by responsibility, sustainability and a clear vision.”

    Voli Trade is the leading food retailer in Montenegro, with 80 multi-format stores across the country.

    The EBRD is a leading institutional investor in Montenegro, having invested more than €1 billion through 105 projects to date.

    Continue Reading

  • Chinese shares close higher Thursday-Xinhua

    BEIJING, Dec. 25 (Xinhua) — Chinese stocks closed higher on Thursday, with the benchmark Shanghai Composite Index up 0.47 percent to 3,959.62 points.

    The Shenzhen Component Index closed 0.33 percent higher at 13,531.41 points.

    The combined turnover of these two indices totaled 1.92 trillion yuan (about 272.8 billion U.S. dollars), up from 1.88 trillion yuan the previous trading day.

    Stocks related to aircraft manufacturing and ceramics led the gains, while shares in the furniture and tourism sectors saw major declines.

    The ChiNext Index, tracking China’s Nasdaq-style board of growth enterprises, gained 0.3 percent to close at 3,239.34 points Thursday.

    Continue Reading

  • China’s First Domestic Anti-CTLA-4 Monoclonal Antibody, Innovent’s TABOSUN® (Ipilimumab N01 Injection) Received NMPA Approval

    • TABOSUN® (ipilimumab N01 injection) has been approved in combination with TYVYT® (sintilimab injection) for the neoadjuvant treatment of patients with stage IIB-III resectable microsatellite instability-high or mismatch repair deficient (MSI-H/dMMR) colon cancer.
    • The TABOSUN® and TYVYT® combination therapy significantly improved pathological complete response (pCR) rates and enabled most patients to avoid the burden of postoperative adjuvant chemotherapy.
    • This therapy is the first and only dual-IO regimen approved globally for neoadjuvant treatment of colon cancer[i], filling a critical gap in neoadjuvant treatment of colon cancer and benefiting more patients with MSI-H/dMMR colon cancer.

    SAN FRANCISCO and SUZHOU, China, Dec. 25, 2025 /PRNewswire/ — Innovent Biologics, Inc. (“Innovent”) (HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high quality medicines for the treatment of oncology, cardiovascular and metabolic, autoimmune, ophthalmology and other major diseases, announces that the New Drug Application (NDA) for TABOSUN® (ipilimumab N01 injection; R&D Code: IBI310), the first domestic cytotoxic lymphocyte-associated antigen-4 (CTLA-4) monoclonal antibody (mAb), has been approved by China’s National Medical Products Administration (NMPA), in combination with sintilimab as neoadjuvant treatment for stage IIB-III resectable microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) colon cancer. TABOSUN® (ipilimumab N01 injection) is the world’s first approved CTLA-4 mAb for neoadjuvant treatment of colon cancer. Short-term neoadjuvant treatment with the ipilimumab N01 and sintilimab combination demonstrated a substantial improvement in pathological complete response, offering the potential to benefit a broader population of patients with MSI-H/dMMR colon cancer.

    Resectable MSI-H/dMMR colon cancer urgently requires effective neoadjuvant therapies to improve prognosis

    MSI-H/dMMR colon cancer accounts for around 15% of all resectable colon cancer cases[ii]. Due to its unique biological characteristics, this class of tumor shows limited sensitivity to chemotherapy and generally responds poorly[iii]. In recent years, immune checkpoint inhibitors have demonstrated significant efficacy in advanced MSI-H/dMMR colon cancer, but a gap remains in the neoadjuvant setting. For locally advanced MSI-H/dMMR colon cancer, the current standard of care is direct surgery followed by adjuvant chemotherapy. Under this regimen, approximately 10%-30% of patients experience disease recurrence or metastasis after surgery, while chemotherapy-related toxicities may negatively affect quality of life[iv]. Thus in the neoadjuvant setting, there remains an urgent need for more effective therapies to improve outcomes for patients with locally advanced MSI-H/dMMR colon cancer.

    The worlds first dual-IO neoadjuvant therapy: TABOSUN® (ipilimumab N01 injection) combined with TYVYT® (sintilimab injection) markedly enhances pathological complete response rates

    Immune checkpoint blockade (ICB) therapy targeting PD-1 and CTLA-4 has transformed cancer treatment. The combination of DABOSUN® (ipilimumab N01 injection) and TYVYT® (sintilimab injection) as neoadjuvant therapy can significantly improve pathological complete response(pCR) rates and allow the majority of patients to avoid adjuvant chemotherapy.

    Previously, results from a randomized, controlled Phase 1b trial evaluating ipilimumab N01 plus sintilimab as neoadjuvant treatment for MSI-H/dMMR colon cancer were published in the top-tier journal Cancer Cell[i].

    • As of June 17, 2025, 101 patients were enrolled and randomized to receive ipilimumab N01 plus sintilimab (n=52) or sintilimab alone (n=49).
    • In the per-protocol population, the pCR rate in the ipilimumab N01-plus-sintilimab arm was significantly higher than in the sintilimab-alone arm (80.0% vs 47.7%, p=0.0007).
    • With median follow-up of 21.4 months, no patient experienced disease recurrence.

    Approval is based on results from the randomized, controlled, multicenter, pivotal Phase 3 clinical trial (NeoShot, NCT05890742), which evaluated the safety and efficacy of ipilimumab N01 combined with sintilimab as neoadjuvant therapy compared with direct radical surgery for MSI-H/dMMR colon cancer. The primary endpoints are pCR rate and event-free survival (EFS). Interim analysis by the Independent Data Monitoring Committee (IDMC) confirmed that the NeoShot trial met its primary endpoint.

    • As of November 28, 2024, among the first 50 patients in the treatment arm, 41 achieved pathological complete response after neoadjuvant treatment, yielding a pCR rate of 82%.
    • Neoadjuvant treatment with ipilimumab N01 combined with sintilimab did not significantly increase safety risks compared with direct surgery.

    Detailed results will be presented at future academic conferences or published in academic journals.

    The Principal Investigator of the NeoShot study, Academician of the Chinese Academy of Engineering, Prof. Ruihua Xu from Sun Yat-sen University Cancer Center, stated: “Achieving R0 resection remains challenging for certain patients with locally advanced colon cancer, who also face substantial surgical trauma and poor prognosis. Results from the FOxTROT study indicated that neoadjuvant chemotherapy provides limited benefit in MSI-H/dMMR colon cancer, with a pCR rate of only around 5%[v]. The NeoShot trial is the first randomized, controlled Phase 3 clinical trial to show promising efficacy of dual checkpoint inhibition as neoadjuvant therapy in MSI-H/dMMR colon cancer. Interim analysis suggests that ipilimumab N01 with sintilimab as short-term neoadjuvant treatment can lead to pathological complete response in 82% of treated patients. In addition, NeoShot Ph1b and Ph3 interim results both show the R0 resection under this regimen could reach 100% and spare patients from adjuvant chemotherapy. In NeoShot-1b, the dual-immunotherapy neoadjuvant regimen combining ipilimumab N01 and sintilimab significantly improved the pCR rate, which serves as a surrogate endpoint for long-term prognosis. Based on the existing data, this regimen shows promising potential to reduce recurrence risk and improve long-term survival outcomes. We look forward to observing continued reductions in recurrence with longer-term follow-up. The approval of this dual-immunotherapy regimen is expected to change clinical practice, fill a critical gap in neoadjuvant treatment of colon cancer and benefit more patients with MSI-H/dMMR colon cancer.”

    Dr. Hui Zhou, Chief R&D Officer (Oncology) of Innovent, stated: “There remains a substantial unmet clinical need for neoadjuvant therapies for stage IIB-III resectable MSI-H/dMMR colon cancer in China. Interim analysis has shown that the NeoShot trial met its primary endpoint. Through Innovent’s efficient and high-quality clinical development, ipilimumab N01 has become China’s first domestically developed innovative CTLA-4 inhibitor approved by the NMPA, offering a new treatment option for patients in China with stage IIB-III resectable MSI-H/dMMR colon cancer.”

    About Ipilimumab N01

    Ipilimumab N01 (R&D code: IBI310) is a fully human monoclonal antibody injection independently developed by Innovent. Ipilimumab N01 specifically binds cytotoxic T lymphocyte-associated antigen 4 (CTLA-4), thereby blocking CTLA-4-mediated inhibition of T cell activity, promoting T cell activation and proliferation, improving tumor immune response, and achieving anti-tumor effects. [vi]

    The NDA for ipilimumab N01 in combination with sintilimab as neoadjuvant treatment for stage IIB-III resectable microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) colon cancer has recently been approved by the NMPA.

    About Sintilimab

    Sintilimab, marketed as TYVYT® (sintilimab injection) in China, is a PD-1 immunoglobulin G4 monoclonal antibody co-developed by Innovent and Eli Lilly and Company. Sintilimab is a type of immunoglobulin G4 monoclonal antibody, which binds to PD-1 molecules on the surface of T-cells, blocks the PD-1 / PD-Ligand 1 (PD-L1) pathway, and reactivates T-cells to kill cancer cells.[vii]

    In China, sintilimab has been approved and included in the updated NRDL for eight indications. The updated NRDL reimbursement scope for TYVYT® (sintilimab injection) includes:

    • For the treatment of relapsed or refractory classic Hodgkin’s lymphoma after two lines or later of systemic chemotherapy;
    • For the first-line treatment of unresectable locally advanced or metastatic non-squamous non-small cell lung cancer lacking EGFR or ALK driver gene mutations;
    • For the treatment of patients with EGFR-mutated locally advanced or metastatic non-squamous non-small cell lung cancer who progressed after EGFR-TKI therapy;
    • For the first-line treatment of unresectable locally advanced or metastatic squamous non-small cell lung cancer;
    • For the first-line treatment of unresectable or metastatic hepatocellular carcinoma with no prior systematic treatment;
    • For the first-line treatment of unresectable locally advanced, recurrent or metastatic esophageal squamous cell carcinoma;
    • For the first-line treatment of unresectable locally advanced, recurrent or metastatic gastric or gastroesophageal junction adenocarcinoma; and
    • In combination with fruquintinib for the treatment of patients with advanced endometrial cancer with pMMR tumors that have failed prior systemic therapy and are not candidates for curative surgery or radiation.

    The NDA for sintilimab’s ninth indication, in combination with ipilimumab N01 as neoadjuvant treatment for stage IIB-III resectable MSI-H/dMMR colon cancer is recently approved by the NMPA.

    The NDA for sintilimab’s tenth indication, in combination with fruquintinib for the treatment of locally advanced or metastatic renal cell carcinoma who previously failed systematic treatment, has been accepted by the Center for Drug Evaluation (CDE) of NMPA.

    In addition, two clinical studies of sintilimab have met their primary endpoints:

    • Phase 2 study of sintilimab monotherapy as second-line treatment of esophageal squamous cell carcinoma; and
    • Phase 3 study of sintilimab monotherapy as second-line treatment for squamous non-small cell lung cancer with disease progression following platinum-based chemotherapy.

    About Innovent

    Innovent is a leading biopharmaceutical company founded in 2011 with the mission to empower patients worldwide with affordable, high-quality biopharmaceuticals. The company discovers, develops, manufactures and commercializes innovative medicines that target some of the most intractable diseases. Its pioneering therapies treat cancer, cardiovascular and metabolic, autoimmune and eye diseases. Innovent has launched 18 products in the market. It has 4 assets in Phase 3 or pivotal clinical trials and 15 more molecules in early clinical stage. Innovent partners with over 30 global healthcare companies, including Lilly, Sanofi, Incyte, LG Chem and MD Anderson Cancer Center.

    Guided by the motto, “Start with Integrity, Succeed through Action” Innovent maintains the highest standard of industry practices and works collaboratively to advance the biopharmaceutical industry so that first-rate pharmaceutical drugs can become widely accessible. For more information, visit www.innoventbio.com, or follow Innovent on Facebook and LinkedIn.

    Disclaimer: Innovent does not recommend any off-label usage.

    Forward-Looking Statements

    This news release may contain certain forward-looking statements that are, by their nature, subject to significant risks and uncertainties. The words “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to Innovent, are intended to identify certain of such forward-looking statements. Innovent does not intend to update these forward-looking statements regularly.

    These forward-looking statements are based on the existing beliefs, assumptions, expectations, estimates, projections and understandings of the management of Innovent with respect to future events at the time these statements are made. These statements are not a guarantee of future developments and are subject to risks, uncertainties and other factors, some of which are beyond Innovent’s control and are difficult to predict. Consequently, actual results may differ materially from information contained in the forward-looking statements as a result of future changes or developments in our business, Innovent’s competitive environment and political, economic, legal and social conditions.

    Reference:

    i. Wang F,et al. Neoadjuvant treatment of IBI310 plus sintilimab in locally advanced MSI-H/dMMR colon cancer: A randomized phase 1b study. Cancer Cell. 2025 Oct 2:S1535-6108(25)00396-4. doi: 10.1016/j.ccell.2025.09.004.

    ii. Gutierrez C, et al. The Prevalence and Prognosis of Microsatellite Instability-High/Mismatch Repair-Deficient Colorectal Adenocarcinomas in the United States. JCO Precis Oncol. 2023;7:e2200179. doi:10.1200/PO.22.00179

    iii. Sargent DJ, et al. Defective mismatch repair as a predictive marker for lack of efficacy of fluorouracil-based adjuvant therapy in colon cancer. J Clin Oncol. 2010;28(20):3219-3226. doi:10.1200/JCO.2009.27.1825

    iv. André T, et al. Adjuvant Fluorouracil, Leucovorin, and Oxaliplatin in Stage II to III Colon Cancer: Updated 10-Year Survival and Outcomes According to BRAF Mutation and Mismatch Repair Status of the MOSAIC Study. J Clin Oncol. 2015;33(35):4176-4187. doi:10.1200/JCO.2015.63.4238

    v. Morton D, et al; FOxTROT Collaborative Group. Preoperative Chemotherapy for Operable Colon Cancer: Mature Results of an International Randomized Controlled Trial. J Clin Oncol. 2023 Mar 10;41(8):1541-1552. doi:10.1200/JCO.22.00046.

    vi. Wolchok JD, Saenger Y. The mechanism of anti-CTLA-4 activity and the negative regulation of T-cell activation. Oncologist. 2008;13 Suppl 4:2-9. doi:10.1634/theoncologist.13-S4-2

    vii. Wang J, et al. Durable blockade of PD-1 signaling links preclinical efficacy of sintilimab to its clinical benefit. mAbs 2019;11(8): 1443-1451. doi:10.1080/19420862.2019.1654303

    SOURCE Innovent Biologics

    Continue Reading

  • Chinese shares close higher Thursday – Xinhua

    1. Chinese shares close higher Thursday  Xinhua
    2. Shanghai stocks ends higher to record longest winning streak since July  Business Recorder
    3. The Shangai Composite Index Closes 0.49% Higher  TradingView — Track All Markets
    4. Update: Chinese shares close higher Wednesday  Macau Business
    5. China’s central bank will maintain ample liquidity that aligns with growth, price targets  bastillepost.com

    Continue Reading

  • Shrewsbury cafe owner bringing Christmas Day cheer

    Shrewsbury cafe owner bringing Christmas Day cheer

    A cafe in Shropshire is preparing dozens of free Christmas dinners and gifts for anyone in the community who might otherwise be alone on Christmas Day.

    Fred Bilgic, owner of The Ploughboy in Shrewsbury, has been doing it for 11 years after his wife had the idea, and said it was the family’s way of giving back.

    In total, the cafe expects to serve about 200 people with turkey, beef and chicken meals and will be taking food to homeless people in the town.

    “Loads of people are lonely,” Mr Bilgic said, “we’re just happy to help make their Christmas Day.”

    Continue Reading