HSINCHU, Taiwan and WUHAN, China, March 29, 2017 /PRNewswire/ -- JHL Biotech Inc. (Stock Code: 6540.TWO) today announced that the first patient has been dosed in the company's Phase I clinical trial of JHL1101 (a proposed rituximab biosimilar) in rheumatoid arthritis patients.

The randomised, double-blind, parallel group, multicentre study will compare the pharmacokinetics, pharmacodynamics, immunogenicity, safety, and efficacy of JHL1101 versus EU sourced MabThera® in anti-tumor necrosis factor (TNF) inadequate responder patients with moderate to severe rheumatoid arthritis. The study is designed to enroll 150 patients from the European Union, Russia, Taiwan, and Ukraine.

According to Racho Jordanov, JHL's co-founder and CEO, "I am happy to announce formal commencement of the Phase I trial of JHL1101. JHL is committed to increasing access to exceptional quality biologics, and our Phase I European clinical trial will provide a means to prove the safety, efficacy, and high quality of JHL1101."

About JHL Biotech
JHL Biotech Inc. (Stock Code: 6540.TWO) is a biopharmaceutical startup founded by a group of industry veterans with deep experience in pharmaceutical development and operations. JHL is backed by premier financial firms, including Kleiner Perkins Caufield & Byers, Sequoia Capital, Biomark Capital, Milestone Capital, Fidelity, and the China Development Industrial Bank. JHL Biotech's mission is to provide the world with low-cost medicines of exceptional quality. JHL is focused on research and development of new protein-based therapies and biosimilars. JHL Biotech has two world-class facilities built in accordance with United States, European Union, and ICH cGMP regulations and standards. For more information, please visit www.jhlbiotech.com.

Media Contact:
Gregory Manker
JHL Biotech
Strategic Planning and Business Development, Associate
gmanker@jhlbiotech.com

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SOURCE JHL Biotech