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Global Registrational Phase III Study of Olverembatinib for the Treatment of Patients with SDH-Deficient GIST Approved by the China CDE

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SUZHOU, China, and ROCKVILLE, Md., June 10, 2024 /PRNewswire/ — Ascentage Pharma (6855.HK), a global biopharmaceutical company engaged in developing novel therapies for cancer, chronic hepatitis B (CHB), and age-related diseases, announced today that the Center for Drug Evaluation (CDE) of China’s National Medical Product Administration (NMPA) has approved a global registrational Phase III study of the company’s novel drug candidate olverembatinib (HQP1351), in patients with succinate dehydrogenase (SDH)-deficient gastrointestinal stromal tumor (GIST) who had failed prior systemic treatment. This approval marks a major milestone in Ascentage Pharma’s clinical development in solid tumors.

This global, multicenter, single-arm, open-label, pivotal registrational Phase III study is designed to evaluate the efficacy and safety of olverembatinib in patients with SDH-deficient GIST. The CDE has agreed that results from the study can be used to support a future New Drug Application (NDA) for olverembatinib in SDH-GIST.

GIST is the most common type of soft tissue sarcoma that arises in the gastrointestinal track, with a global incidence of 1-1.5/100,000 per year.1 KIT and PDGFRA are key genetic drivers of GIST, and 85% – 90% of all patients with GIST harbor KIT or PDGFRA mutations. The introduction of tyrosine kinase inhibitors (TKIs) has improved the prognosis of patients with this subset of GIST. However, 85% of pediatric patients and 10%-15% of adult patients with GIST do not harbor KIT or PDGFRA mutations, thus belong to a subtype dubbed wild-type GIST. Depending on whether the SDH expression is lost in the patient, wide-type GIST can be further categorized into SDH-deficient and non-SDH-deficient GISTs.2-3

SDH-deficient GIST has unique clinical and pathological characteristics. According to existing literatures, SDH-deficient GIST has a median age of diagnosis of 21 years and is more common in women. SDH-deficient GIST, primarily arises in the gastric area with a high propensity to metastasize, is characterized in immunohistochemistry essays by the loss of SDHB protein expression. Patients with early-stage localized SDH-deficient GIST can be treated with surgeries, although most patients eventually relapse. At present, there is no standard treatment option for relapsed and advanced SDH-deficient GISTs. Imatinib is generally considered ineffective for the condition and other TKIs have also failed to demonstrate satisfactory efficacy2-5, offering a five-year event-free survival (EFS) rate of just 24%.4 Being commonly diagnosed at young ages, patients with SDH-deficient GIST endure significant impact on their quality of life and survival, therefore have urgent unmet medical needs for new treatment options.

Olverembatinib is an orally-available novel third-generation TKI developed by Ascentage Pharma. The drug has been granted a Breakthrough Therapy Designation by the China CDE for the treatment of patients with SDH-deficient GIST who had received first-line treatment. As a multi-targeted TKI, olverembatinib has shown excellent efficacy and manageable safety in patients with SDH-deficient GIST. Since 2022, the clinical study evaluating olverembatinib in SDH-deficient GIST has been selected for presentations at the American Society of Clinical Oncology (ASCO) Annual Meeting for three consecutive years, including an oral report at the 60th ASCO Annual Meeting just took place this month. According to the latest results, olverembatinib has achieved a clinical benefit rate (CBR) of 92.3% in patients with SDH-deficient GIST.

Olverembatinib is the first China-approved third-generation BCR-ABL inhibitor. To date, the drug has been approved for two indications in China, including adult patients with TKI-resistant chronic-phase chronic myeloid leukemia (CML-CP) or accelerated-phase CML (CML-AP) harboring the T315I mutation; and adult patients with CML-CP resistant to and/or intolerant of first-and second-generation TKIs. Olverembatinib is jointly commercialized in China by Ascentage Pharma and Innovent Biologics.

“In earlier studies, olverembatinib has already shown encouraging efficacy and favorable safety in patients with SDH-deficient GIST,” said Dr. Yifan Zhai, Chief Medical Officer of Ascentage Pharma. “We are excited by the approval for this global registrational Phase III study because it could potentially lead to a clinical breakthrough for another indication that currently lacks approved treatment options while marking a major milestone for Ascentage Pharma’s clinical development in solid tumors. Remaining steadfastly committed to the mission of addressing unmet clinical needs in China and around the world, we will expeditiously advance this clinical development program for the benefit of more patients.”

References

Mantese G. Gastrointestinal stromal tumor: epidemiology, diagnosis, and treatment. Curr Opin Gastroenterol. 2019; 35(6): 555-559.Call JW, Wang Y, Rothschild S, et al. Treatment responses in SDH-deficient GIST. LRG Science, https://liferaftgroup.org/2019/08/treatmentresponses-in-sdh-deficient-gist-2/(2019, accessed 4 May 2022).Nannini M, Rizzo A, Indio V, et al. Targeted therapy in SDH-deficient GIST. Ther Adv Med Oncol. 2021; 13: 17588359211023278.Weldon CB, Madenci AL, Boikos SA, et al. Surgical Management of Wild-Type Gastrointestinal Stromal Tumors: A Report From the National Institutes of Health Pediatric and Wildtype GIST Clinic. J Clin Oncol. 2017; 35(5): 523-528.Mullassery D, Weldon CB. Pediatric/”Wildtype” gastrointestinal stromal tumors. Semin Pediatr Surg. 2016; 25(5): 305-310.

*Olverembatinib is an investigational drug that has not been approved for any indication outside the Chinese mainland.

About Ascentage Pharma
Ascentage Pharma (6855.HK) is a globally focused biopharmaceutical company engaged in developing novel therapies for cancers, chronic hepatitis B, and age-related diseases. On October 28, 2019, Ascentage Pharma was listed on the Main Board of the Stock Exchange of Hong Kong Limited with the stock code 6855.HK.

Ascentage Pharma focuses on developing therapeutics that inhibit protein-protein interactions to restore apoptosis, or programmed cell death. The company has built a pipeline of 9 clinical drug candidates, including novel, highly potent Bcl-2, and dual Bcl-2/Bcl-xL inhibitors, as well as candidates aimed at IAP and MDM2-p53 pathways, and next-generation tyrosine kinase inhibitors (TKIs). Ascentage Pharma is also the only company in the world with active clinical programs targeting all three known classes of key apoptosis regulators. The company is conducting more than 40 Phase I/II clinical trials, including 6 global registrational phase III studies, in the US, Australia, Europe, and China. Ascentage Pharma has been designated for multiple Major National R&D Projects, including five Major New Drug Projects, one New Drug Incubator status, four Innovative Drug Programs, and one Major Project for the Prevention and Treatment of Infectious Diseases.

Olverembatinib, the company’s core drug candidate developed for the treatment of drug-resistant chronic myeloid leukemia (CML) and the company’s first approved product in China, has been granted Priority Review Designations and Breakthrough Therapy Designations by the Center for Drug Evaluation (CDE) of China National Medical Products Administration (NMPA). To date, the drug had been included into the China 2022 National Reimbursement Drug List (NRDL). Furthermore, olverembatinib has been granted an Orphan Drug Designation (ODD) and a Fast Track Designation (FTD) by the US FDA, and an Orphan Designation by the EMA of the EU. To date, Ascentage Pharma has obtained a total of 16 ODDs from the US FDA and 1 Orphan Designation from the EMA of the EU for 4 of the company’s investigational drug candidates.

Leveraging its robust R&D capabilities, Ascentage Pharma has built a portfolio of global intellectual property rights and entered into global partnerships with numerous renowned biotechnology and pharmaceutical companies and research institutes such as UNITY Biotechnology, MD Anderson Cancer Center, Mayo Clinic, Dana-Farber Cancer Institute, MSD, and AstraZeneca. The company has built a talented team with global experience in the discovery and development of innovative drugs and is setting up its world-class commercial manufacturing and Sales & Marketing teams. One pivotal aim of Ascentage Pharma is to continuously strengthen its R&D capabilities and accelerate its clinical development programs, in order to fulfil its mission of addressing unmet clinical needs in China and around the world for the benefit of more patients.

Forward-Looking Statements
The forward-looking statements made in this article relate only to the events or information as of the date on which the statements are made in this article. Except as required by law, Ascentage Pharma undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this article completely and with the understanding that our actual future results or performance may be materially different from what we expect. In this article, statements of, or references to, our intentions or those of any of our Directors or our Company are made as of the date of this article. Any of these intentions may alter in light of future development.

 

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SOURCE Ascentage Pharma

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Tencent and UnionPay Collaborate to Bring More Overseas Remittances to Weixin Users in China

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The partnership marks the first collaboration between the two companies in cross-border remittances, bringing more institutions and users onto remittance routes into Weixin

HONG KONG, Nov. 2, 2026 /PRNewswire/ — During Hong Kong FinTech Week 2026, TenPay Global, Tencent’s cross-border payment platform, and UnionPay International (UPI), a subsidiary of China UnionPay, have signed a memorandum of understanding (MOU) to collaborate on cross-border remittances, marking the first partnership between the two companies in this space.

In 2020, the G20 launched a roadmap to make cross-border payments faster, cheaper and more transparent by the end of 2027, with remittances a key focus. China-related cross-border remittances are an important part of that picture, supporting tens of millions of people whose lives span borders. Connecting more institutions to China is one way to make these remittances faster and more accessible.

Under the MOU, the two companies will jointly explore solutions to facilitate two-way remittances. TenPay Global’s cross-border remittance platform currently partners with more than 60 major international banks and remittance institutions, supporting remittances to China from over 150 countries and regions. The collaboration will extend this platform to UPI’s extensive global network of partner institutions and draw on UnionPay’s infrastructure to explore further opportunities for cooperation.

Remittances to Weixin are available 24/7 and can arrive within one minute. Behind the scenes, identity verification and compliance screening are completed in milliseconds, keeping every transfer secure without interrupting the user experience. Paying directly into wallets also significantly lowers last-mile costs.

“Our goal is to make sending money as simple as sending a message,” said Wenhui Yang, CEO of TenPay Global (Singapore). “No company can achieve that alone. Partnering with UnionPay International brings that experience to more overseas users through institutions they already rely on. We also look forward to working with UnionPay International to explore new possibilities for cross-border payments in the age of AI.”

“Through our UnionPay MoneyExpress solution, we partner with mainstream banks and remittance institutions globally to enable individuals to transfer funds directly to UnionPay cards,” said Xia Zhi, General Manager of the Innovative Products Department at UnionPay International. “This partnership with TenPay Global further extends our remittance services to the Weixin wallet, providing customers with a broader range of remittance options.”

About TenPay Global

TenPay Global is Tencent’s cross-border payment platform, comprising a network of licensed financial institutions under Tencent. By connecting the Weixin ecosystem, global payment partners, and international users and scenarios, TenPay Global provides end-to-end payment solutions for cross-border remittances, cross-border consumption, global collections and global acquiring. Backed by years of industry experience and a robust risk management framework, TenPay Global delivers world-class standards in system reliability, fund security, and regulatory compliance. Official website: TenPay Global

About UnionPay International

UnionPay International (UPI) is focused on the growth and support of UnionPay’s international business. In partnership with over 2,600 financial institutions across 183 countries and regions, UnionPay International has enabled a vast global acceptance network covering more than 110 million merchants and 1.8 million ATMs outside Chinese mainland, with UnionPay cards issued in 86 countries and regions globally. 

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SOURCE Tenpay Global

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Envision Achieves World’s First Commercial Deployment of Integrated 800V DC SST-Based Power System in Large-Scale AI Data Center

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Integrated system combining solid-state transformers, battery storage and AI-driven controls now delivers power end to end, from medium-voltage AC input to the server rack, ahead of wider industry adoption800V DC architecture supports higher-density AI racks, enabling more computing power within the same spaceSystem deployment provides a commercial reference as AI data centers move toward 800V DC power infrastructure

ULANQAB, China, Nov. 2, 2026 /PRNewswire/ — Envision, a global leader in green technology, today announced the world’s first commercial deployment of an integrated 800-volt direct current (800V DC) power system in a large-scale AI data center. The system is now powering live computing workloads at Envision’s Galaxy AI data center campus in Ulanqab, China, delivering power end to end from grid input to computing loads.

The 800V DC architecture significantly simplifies AI data center power systems, bringing higher power conversion and watt-to-bit efficiency, a more compact equipment footprint, and reduced cabling and copper requirements. Together, these advantages can lower infrastructure costs and support higher computing density within the same space.

“AI data centers need power systems that coordinate renewable energy, energy storage, and the grid to meet computing demand,” said Kevin Huang, Senior Vice President of Envision Energy and President of Energy Storage and AIDC Power Systems. “Our integrated 800V DC system is now powering live computing workloads, demonstrating an end-to-end architecture that connects renewable energy supply with computing demand. This is a critical step in turning power-compute coordination from a strategic vision into an operational reality.”

As AI computing demand accelerates, operators must deliver more power to each rack within constrained space, while keeping supply stable as computing loads swing sharply from moment to moment.

Envision’s newly deployed system combines solid-state transformers (SST), battery energy storage (BESS) and equipment that adjusts direct-current voltage for computing hardware. Envision’s Dubhe Controller, supported by its Dubhe Energy Foundation Model, coordinates the transformers and batteries in real time to match power supply with computing demand and manage sudden load swings.

The deployment comes as the industry advances its transition to 800V DC infrastructure for next-generation AI data centers. Envision’s integrated system, now powering live AI computing workloads, is built around three critical capabilities: stable SST conversion directly from 10 kV medium voltage to an 800V DC bus across operating conditions; battery storage providing both second-scale power support and minute-scale backup; and millisecond-level coordination between SST and storage to absorb GPU load fluctuations locally. Already operating commercially ahead of wider industry adoption, the system provides a reference for the industry’s transition to 800V DC.

The Galaxy campus began operations in August 2026. With a planned capacity of 3GW, it is designed to support up to one million AI accelerators operating in parallel at full build-out, with more than 80% of its power planned to come from direct renewable electricity connections.

Envision aims to scale this approach through its Mission Gobi initiative, which targets 5GW of green AI data center capacity in desert regions worldwide by 2030.

For more information, please visit www.envision-group.com

SOURCE Envision

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Share buybacks in Ericsson during the period October 26 – October 30, 2026

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STOCKHOLM, Nov. 2, 2026 /PRNewswire/ — During the period October 26 – October 30, 2026, Telefonaktiebolaget LM Ericsson (publ) (“Ericsson”) (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows:

Date

Aggregated daily volume
(number of shares)

Weighted average share
price per day (SEK)

Total daily transaction
value (SEK)

26/10/2026

100,000

107.3098

10,730,980.00

27/10/2026

100,000

109.0805

10,908,050.00

28/10/2026

100,000

109.5167

10,951,670.00

29/10/2026

100,000

109.3886

10,938,860.00

30/10/2026

100,000

109.2944

10,929,440.00

Total

500,000

108.9180

54,459,000.00

The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026, and which runs between April 23, 2026, and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson’s obligations under its share-related incentive programs, are cancelled.

The share buyback program is executed in accordance with the Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing MAR (the Safe Harbour Regulation).

All acquisitions have been carried out on Nasdaq Stockholm by Goldman Sachs Bank Europe SE on behalf of Ericsson. A full breakdown of the transactions is attached to this announcement.

Following the repurchases above, Ericsson’s holding of treasury stock amounts to 130,915,894 Class B shares. There are in total 3,371,351,735 shares in Ericsson, 261,755,983 shares of Class A and 3,109,595,752 shares of Class B.

NOTES TO EDITORS:

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Investors
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E-mail: investor.relations@ericsson.com

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Phone: +46 72 593 27 78
E-mail: lena.haggblom@ericsson.com

Media
Ralf Bagner, Head of Media Relations
Phone: +46761284789
E-mail: ralf.bagner@ericsson.com

ABOUT ERICSSON:

Ericsson’s high-performing, programmable networks provide connectivity for billions of people every day. For 150 years, we’ve been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/share-buybacks-in-ericsson-during-the-period-october-26—october-30–2026,c4418264

The following files are available for download:

https://mb.cision.com/Main/15448/4418264/4349170.pdf

Share buybacks in Ericsson during the period October 26-October 30 2026

https://mb.cision.com/Public/15448/4418264/831a510629ef1b6d.xlsx

Daily Ericsson Share Buyback Report

 

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