On August 2, 2022, R&G PharmaStudies Co., Ltd. (“R&G” or the “Issuer” with stock code 301333) successfully went public on the ChiNext Market of the Shenzhen Stock Exchange. R&G issued 15 million new stocks at RMB 78.88 per share, raising a total of RMB 118,320,000. The proceeds will mainly be used for data science center projects, clinical trial management platform projects, SMO center projects and to supplement the working capital of the Issuer, which is of great significance for its future strategic planning and sustainable development. JunHe acted as legal counsel for R & G.
R&G is a contract research organization (CRO). It offers full-chain clinical research outsourcing services to global pharmaceutical and medical device companies and scientific research institutions. Its main business includes clinical trial operations, clinical trial site management, biological sample testing, data management and statistical analysis. It is also involved in clinical trial consultation and clinical pharmacology services. R&G’s services covers cities in China, USA and Asia Pacific that have clinical trial capabilities, and the company has delivered customized and professional services to hundreds of clients including globally leading international pharmaceutical companies and innovative drug producers listed both domestically and abroad.
JunHe has been providing R&G with consistent and in-depth legal services since 2011. As the counsel to the Issuer, JunHe’s team conducted comprehensive legal due diligence investigations, sorted out the key legal issues involved and made recommendations on compliant operation. They prepared and implemented a compliance rectification plan, assisted the Issuer in completing the restructuring process to become a joint stock company, provided pre-listing tutoring, completed IPO filing, and conducted legal analysis. JunHe also provided responses to the inquiries of the securities regulatory during the IPO review process. The JunHe team was highly appraised by the client and the other intermediaries for its precise and efficient professionalism.
The JunHe team was led by partners SHI, Tiejun, LI, Ruochen and BU, Zhen, and the work product was internally reviewed by partner ZHAO, Jikui. Partners YI, Yisong, TAO, Xudong, ZOU, Weining and CAI, Li also provided critical support at different stages of this project.