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Cake Digital Bank pioneers bank-led cross-border receivables with Visa

HO CHI MINH CITY, Vietnam, Feb. 6, 2026 /PRNewswire/ — Cake Digital Bank (Cake) is among the first digital banks in Vietnam to pursue a bank-led approach to cross-border receivables, preparing to roll out a solution in collaboration with Visa as cross-border e-commerce and the digital economy continue to expand across Vietnam and Southeast Asia.

The initiative positions Cake as an early mover among digital banks in Vietnam in bringing cross-border income flows into a fully regulated, onshore digital banking platform—signaling its evolution from a domestically focused digital bank into a financial infrastructure enabler supporting Vietnam’s expanding digital economy.

Cake partners with Visa on a bank-led cross-border receivables solution
Cake partners with Visa on a bank-led cross-border receivables solution

According to Cognitive Market Research, the global cross-border e-commerce market reached USD 791.5 billion in 2024 and is projected to grow at over 30% in the coming years. Vietnam’s national e-commerce development plan for 2026–2030 also identifies cross-border e-commerce as a strategic pillar for strengthening the country’s digital economy and global competitiveness.

Vietnam is seeing a sharp rise in individuals and small businesses generating income through global platforms such as Amazon, eBay, and Etsy. However, the cross-border receivables landscape remains highly fragmented. Sellers often rely on offshore payment intermediaries, resulting in complex operational processes, extended settlement timelines, and limited transparency around fees and foreign exchange costs.

Against this backdrop, the initiative reflects a broader effort to bring overseas income flows back into Vietnam’s regulated banking system. By integrating cross-border receivables within an onshore digital banking framework, it reduces reliance on intermediary layers while improving transparency, settlement efficiency, and oversight of international cash flows.

Mr. Nguyen Huu Quang, CEO of Cake Digital Bank, said: “Cross-border e-commerce is reshaping how individuals and small businesses in Vietnam participate in the global economy. With Cake GlobalX, we are taking an early step toward building bank-native financial infrastructure that supports greater transparency and efficiency in global cash flows.”

The collaboration with Visa places the initiative within a global payment framework that meets international standards for security, compliance, and scalability. It reflects a shared commitment to adapting global payment capabilities for emerging digital economies, while maintaining strong regulatory and operational integrity.

Ms. Dang Tuyet Dung, Country Manager, Visa Vietnam and Laos, commented: “Cake’s early-mover approach highlights the evolving role of digital banks in expanding cross-border financial access. Visa is pleased to collaborate with innovative institutions to help strengthen global financial connectivity for Vietnam’s growing digital economy.”

Cake GlobalX is expected to be rolled out to the broader market in the near term, as demand for bank-led, transparent cross-border financial solutions continues to rise across Vietnam and Southeast Asia.

Website: https://cake.vn 

Japonisme Reignites in Tokyo’s Mukojima: A New Cultural Experience Invites Visitors to Walk, Print, and Take Home the World of Hokusai

– Experience Edo Culture with All Five Senses through an Ukiyo-e Walking Tour, Woodblock Printing Workshop, and Artisan Studio Shopping –

TOKYO, Feb. 6, 2026 /PRNewswire/ — A new cultural tourism program titled “Ukiyo-e Guided Walking Tour + Woodblock Printing Experience and Artisan Studio Shopping” has been launched in the Mukojima area of Tokyo, offering visitors an immersive way to experience traditional Edo-period culture. This program combines the rich heritage of ukiyo-e art with contemporary craftsmanship, integrating a guided neighborhood walk, hands-on woodblock printing, and shopping at a traditional artisan studio into one comprehensive cultural experience. It is designed primarily for inbound international travelers as well as domestic visitors with a strong interest in Japanese culture. Located within walking distance of two of Tokyo’s most popular destinations—Asakusa and Tokyo Skytree—the program offers a rare opportunity to enjoy a calm, historically preserved district where Edo-era atmosphere and living craftsmanship coexist. Tourism Media Service spoke with Sumida City Tourism Association about the new tourism resources originating from Tokyo’s Mukojima.

Mukojima developed along the eastern bank of the Sumida River during the Edo period and has long been known as a town of artisans. Even today, small independent workshops and family-run craft stores remain scattered throughout the neighborhood, producing items such as woodblock prints, folding screens, traditional paper, fittings, and decorative arts. Unlike large commercial tourist districts, Mukojima allows close interaction between visitors and craftspeople, offering direct access to production sites, tools, and techniques. This environment provides exceptional cultural value for travelers seeking authentic and meaningful experiences. The program fully leverages Mukojima’s identity as a “living hub of traditional craftsmanship,” guiding participants through a seamless flow of walking, learning, creating, and taking home their own artwork.

The experience begins near Tokyo Skytree Station on the Tobu Skytree Line with a 60-minute guided walking tour along the historic Sumida River area. Participants visit scenic and culturally significant sites such as the former Hikifune Canal, Tokyo Mizumachi, Sumida Park, the Sumida River embankment, and Ushijima Shrine—locations that frequently appeared as motifs in classic ukiyo-e prints. The walk highlights the fusion of Edo-period landscapes with the modern urban environment. After the tour, participants move to a local workshop for a hands-on traditional woodblock printing experience.

During the printing workshop, participants recreate the iconic image “The Great Wave” by world-renowned ukiyo-e master Katsushika Hokusai. This activity draws inspiration from the enduring global influence of Japonisme, the 19th-century movement that introduced Japanese art and aesthetics to Europe and continues to inspire admiration worldwide today. Guests may choose between traditional three-color or six-color printing methods, learning about pigment layering, washi paper textures, and classical printing techniques while completing their own artwork. Finished prints can be taken home as personal souvenirs, preserving the memory of the journey in tangible form. Afterward, visitors may browse and purchase handcrafted prints, washi products, and related artisanal goods at the adjoining studio shop, creating a fully integrated “Create, Learn, and Take Home” cultural experience.

The meeting point and main venue for the program is Kataoka Byobu Shop, established in 1946 and recognized as the only specialty folding screen (byōbu) store in Tokyo. The shop manages the entire process from production to retail, preserving rare traditional techniques. Inside the Kataoka Byobu Gallery, visitors can view a wide variety of works including large gold folding screens, lavish gold-leaf decorated screens, modern art collaborations, and memorial screens created to commemorate special life events. The gallery showcases both classical elegance and contemporary innovation, allowing guests to witness the evolving nature of Japanese craftsmanship firsthand. The shop also accepts custom consultations for folding screen production, making it not only a viewing space but a living workshop where tradition continues to thrive.

This program was developed to address challenges faced by traditional artisans, including declining demand and limited income opportunities. By linking tourism with cultural participation, it aims to support artisans’ livelihoods while preserving and passing down traditional techniques. Through small-group, high-quality experiences, the initiative seeks to deepen cultural understanding while contributing to regional economic revitalization, positioning itself as a new model for sustainable cultural tourism in Tokyo.

Contact Information
Sumida City Tourism Association
TEL: +81-3-5608-6951
FAX: +81-3-5608-7130
E-MAIL: e-fukazawa@visit-sumida.jp
Contact Person: Eriko Fukazawa

English language support is available. For pricing, schedules, and detailed program information, please contact the association directly.

Reference Information
Kataoka Byobu Shop – Official Website
https://www.byoubu.co.jp/
Experience Introduction Facebook Page
https://www.facebook.com/GoldenScreenArtisanCulture 

About Tourism Media Service:
An online news platform specializing in the tourism industry. It provides the latest news on regional development and travel information, as well as feature articles on topics such as trends and observations, contributed by over 100 experts, every day.

Images over two decades: From Yixian to the world

BEIJING, Feb. 6, 2026 /PRNewswire/ — This is a report from China.org.cn:

When a beam of light travels through Yixian county for 20 years, what does it illuminate?

It lights up moments captured by Associated Press contract photographer Dan Sandoval in Xidi village: beneath a clear, star-filled night sky, the steady calls of a night watchman blend with the ancient rhythms of Changning shegu drums, echoing traditions that have endured for centuries. It also shines on the laughter rising from a small pizzeria in Hongcun village run by the Austrian businessman Armin Schober and his family, where Eastern and Western flavors blend as naturally as cultures do.

That same light takes shape in “Myself and the World,” a travel photography series by Chinese photographer Luo Xiaoyun, created during her fourth visit to Xidi and displayed against its iconic whitewashed walls. And it finally rests on Alina, Armin’s daughter—born and raised in Yixian, a true “new local”—her face bright with energy as she practices martial arts.

Its white walls and black tiles form a beautiful backdrop, but its true vitality comes from people. Through the lives, creativity, and encounters of individuals like Dan, Armin, and Luo Xiaoyun, Yixian has grown into what many call an “international gathering place” of rural China—a place where the world feels at home.

This global spirit is real and personal. It’s Dan smiling and saying “Amazing” after tasting a traditional Spring Festival pork feast. It’s Armin’s homestay and pizzeria becoming a welcoming stop for travelers and storytellers from around the world. It’s Luo Xiaoyun returning again and again, following major photography exhibitions co-organized by China Photo Press and Yixian, each visit deepening her visual dialogue with the land. Over time, the photography exhibition itself has become a bridge—bringing photographers together in unexpected places, like a small village pizzeria, where conversations stretch across continents and cultures.

Photography is both witness and translator here. It turns personal moments, family stories, and artistic exploration into a shared visual language—one that anyone, anywhere, can understand.

That spirit is captured in this year’s Yixian Rural Photography Exhibition, co-hosted by China Photo Press and partner institutions, under the theme “Ring in the New Year with Light and Shadow in Yixian.” We invite photographers and storytellers from around the world to join this 20-year visual journey: to see landscapes and traditions that endure, and to discover how this beautiful county has become a vivid, human-scale reflection of a shared global future—a living, breathing international gathering place.

Yixian, Huangshan, China — the story is still unfolding.

Images over two decades: From Yixian to the world
http://www.china.org.cn/2026-02/06/content_118320763.shtml

One Port St. Opens in Manchester’s Creative Northern Quarter

MANCHESTER, England, Feb. 6, 2026 /PRNewswire/ — One Port St., a major new luxury residential development in Manchester’s Northern Quarter, is now open and welcoming residents to the highly anticipated £195 million building. The landmark scheme represents a significant milestone for the area, introducing a new standard of premium living to the Northern Quarter.

Located on Port Street, the gateway to the Northern Quarter, the 32 storey building is a UK first for Select Property as their flagship, most premium offering yet, bringing with it a 5 star boutique hotel feel and the highest specification, most considered luxury apartment experience in Manchester.

One Port St.’s location places residents right in the centre of Manchester’s most creative district bringing a brand new community of people ready to make the Northern Quarter their home, with independent restaurants, music venues and cultural destinations all on their doorstep. Residents of the 477 open-plan apartments have access to a 2,000 sq ft swimming pool and spa pool (the first in the Northern Quarter) with integrated changing rooms, alongside a beautifully designed landscaped urban garden set within 22,000 sq ft of new public realm.

The unrivalled amenities at One Port St. also include a stunning arrival experience centred around a 360-degree firepit, all designed to encapsulate the relaxed, yet social experience of a private residents lounge. This large and airy space with floor to ceiling windows includes thoughtfully designed co-working areas as well as cosy places to relax and hang out including the hidden ‘Hideout’ room accessed via a concealed door – a speakeasy style room for residents to retreat and relax.

The spacious and state-of-the-art gym which overlooks the new public realm and is fitted with top-of-the-range Matrix equipment, delivering a best-in-class fitness experience that rivals any private members gym and is included in the rent for residents. There’s also a yoga studio and barre studios all creating an exceptional wellbeing experience for residents.

On the seventh floor, Paganini’s resident lounge and roof terrace, named after a historic tavern that once stood on Port St, provides panoramic city and beyond views, private hire opportunities and an incredible place to hang out all year round. The stunning seventh floor space also features an exclusive dining room which can be booked by residents for special occasions.

Launching alongside the opening of the building is the One Port St. Collective, a  residents programme designed to connect people with the best of Manchester. Through a dedicated resident app, members gain exclusive access to One Port St. partners and  curated discounts, acting as a “key to the city” for residents. The Collective reinforces One Port St.’s ambition to offer more than just a place to live, responding to a growing demand for high-quality rental homes in Manchester where residents increasingly prioritise demand, service and long-term liveability.

The apartment’s beautiful open plan layouts and highest specification fixtures and fittings have all been expertly styled by Select Property’s in-house design team, enhanced in the public spaces with specially curated art work by selected independent artists. Taking inspiration from the local area, the interiors showcase rustic values merged with design, via raw metals, sustainable products and ceramic tiles. Wood finishes make use of rich tones contrasted with light oak and ambient lighting, all creating a warm, luxurious boutique 5 star hotel atmosphere for residents.

Adam Price, CEO, at Select Property, comments: “One Port St. is a major landmark for the city of Manchester, representing everything we believe modern residential living should be: design-led, community-minded and deeply connected to its surroundings and local heritage. One Port St. is about redefining what modern rental living can be. It’s not just about beautiful apartments – it’s about how people live, connect and experience the city around them. Positioned at the gateway to the Northern Quarter, this is a place shaped by its surroundings and designed for modern city life. The Northern Quarter has long been the heart of Manchester’s creativity and culture, and One Port St. celebrates that identity and brings something totally new to the area. With apartments now open and available to rent, and residents moving in, this is a big milestone for us and a proud moment for our entire team.”

Ian Simpson, Co-founding Partner, SimpsonHaugh added: “One Port St. presented an opportunity to elevate residential provision in one of Manchester’s most characterful districts, creating a design that mediates between the Northern Quarter and the wider city. Our ambition was to create a building that respects and responds to the Northern Quarter’s rich industrial heritage. The result is an elegant landmark development that combines considered design, outstanding amenities, and enhanced public realm to form a welcoming and connected place to live, visit and enjoy. We’re proud to see the building now open and becoming part of the evolving story of this iconic neighbourhood.”

Contact:
Select Property Asia
Email: asiamarketing@selectproperty.com 
WhatsApp: 85269903247

BE in SABAH 2026 Closes with Strong Regional Participation and Forward Momentum for Asia Pacific Business Events

KOTA KINABALU, Malaysia, Feb. 6, 2026 /PRNewswire/ — The 3rd International Business Events Forum – BE in SABAH 2026 concluded today, marking the end of two days of structured engagement that brought together policymakers, industry leaders and practitioners to examine how Business Events can support regional cooperation, industry capability and economic connectivity across Asia Pacific.

Hosted at the Sabah International Convention Centre, the forum recorded strong participation from both domestic and international stakeholders, underscoring growing interest in regional platforms that emphasise practical dialogue, professional standards and long-term collaboration.

The official closing ceremony was officiated by Yang Berhormat Dr Andi MD Shamzureezal, Assistant Minister of Tourism, Culture and Environment Sabah, representing Yang Berhormat Datuk Jafry Bin Ariffin, Minister of Tourism, Culture and Environment Sabah and Patron of BE in SABAH 2026.

In his closing remarks, Dr Andi noted that the discussions over the past two days highlighted the increasingly strategic role of Business Events in facilitating regional engagement, supporting industry professionalism and connecting markets through structured, outcome-driven platforms. He emphasised that continued collaboration across borders and sectors would be essential in strengthening resilience and competitiveness within the Asia Pacific Business Events ecosystem.

Rather than centring on destination promotion, BE in SABAH 2026 was deliberately structured around issues affecting the industry at a regional and global level. Sessions addressed areas such as market confidence, governance, technology adoption, talent development and cross-border collaboration, reflecting the evolving expectations placed on Business Events as economic and professional infrastructure.

The forum also facilitated knowledge exchange and partnership-building among participants from government agencies, international associations, convention bureaux, consulting firms and private sector organisations, reinforcing its role as a working platform that extends beyond dialogue.

According to the Organising Chairperson, the value of BE in SABAH lies in continuity and relevance.

“Each edition is designed to build on the last,” she said. “The outcomes of this forum are measured not only by attendance, but by the quality of engagement, the relationships strengthened and the capability that continues to grow across the regional ecosystem.”

A key outcome of BE in SABAH 2026 is the strengthening of international collaboration, marked by the Memorandum of Understanding between the Goyang Convention & Visitors Bureau, Goyang International Expo and the Sabah International Convention Centre during the closing ceremony. The partnership reflects a shared commitment to collaboration beyond events, encompassing knowledge exchange, industry development and capacity-building, and builds on engagements initiated during Goyang Destination Week. Led by Dr Peter Lee, the participation of eight junior management representatives from Goyang at BE in SABAH 2026 further underscores a mutual focus on developing future industry leaders and strengthening professional capability through structured exposure and exchange. The collaboration signals ongoing efforts to deepen ties not only with South Korea, but also with other international destinations as part of a broader strategy to build a more connected, capable and resilient Business Events ecosystem.

As BE in SABAH 2026 concludes, the forum reinforces its place as an annual Asia Pacific platform supporting sustained engagement, professional development and shared industry progress. The next edition will continue to build on this momentum, reflecting lessons learned and emerging priorities within the global Business Events landscape.

ABOUT SICC
Sabah International Convention Centre (SICC) is owned by Innoprise Corporation Sdn Bhd of Yayasan Sabah Group – a state sanctioned organization in Sabah, Malaysia. SICC is the largest waterfront purpose-built convention, exhibition and entertainment facility in East Malaysia with a total function space of 153,197sqm. The gross built-up of the complex is 60,514sqm on a 6-hectare site. The multi-functional complex with its well-designed floor plan and extensive pre-function areas are well suited for a wide range of public and private events. For more information, please visit siccsabah.com or follow us on social media – LinkedIn, Facebook, Instagram and Twitter.

About MACEOS Sabah Chapter
The Malaysian Association of Convention and Exhibition Organisers and Suppliers (MACEOS) Sabah Chapter represents the collective voice of Business Events organisers and suppliers in Sabah. It brings together industry practitioners across organising, venue services, logistics and event support to advance professional standards and strengthen collaboration within the Business Events ecosystem.

Champasak Welcomes Nearly 730,000 Tourists, Exceeds Annual Target

Pakse City, Champasak Province, Laos. (Photo credit: Hello Pakse)

Champasak Province recorded positive tourism growth in 2025, welcoming nearly 730,000 visitors and reaching 207 percent of its annual target, according to provincial authorities.

The southern Lao province recorded 286,941 domestic tourists and 441,123 international travelers, with an 11.24 percent increase compared to 2024. Tourism activities generated over USD 94 million in revenue throughout the year.

The growth was driven by strategic tourism promotion and cultural initiatives implemented throughout 2025. 

Key activities included major religious and cultural festivals such as the Vat Phou Festival, participation in national and regional tourism exhibitions, and enhanced promotion of the province’s natural attractions, including Khone Phapheng Waterfalls, Si Phan Don (4,000 Islands), Bolaven Plateau, and Tad Fane and Tad Gneuang waterfalls.

Provincial authorities emphasized ongoing improvements to tourism services, heritage site management, ecotourism areas, and community-based tourism facilities to support sustainable development.

Despite the high numbers recorded in 2025, the province set its 2026 to 633,822 tourists with projected revenue of at least USD 100 million. 

Priorities include sustainable tourism development, improved service quality, and strengthened marketing to both domestic and international markets, with particular focus on Si Phan Don, Vat Phou, Bolaven Plateau, and historical and cultural tourism around Pakse City.

Nationally, Laos welcomed nearly 4.6 million tourists in 2025, exceeding the government’s target, according to the Tourism Development Department.

NIPPON EXPRESS HOLDINGS Obtains Minority Stake in Pakistan’s TCS Logistics (Private) Limited

TOKYO, Feb. 6, 2026 /PRNewswire/ — NIPPON EXPRESS HOLDINGS, INC. announced that it has acquired a minority stake in TCS Logistics (Private) Limited (hereinafter “TCSL”), a logistics company primarily engaged in providing domestic logistics services in Pakistan, through its subsidiary NX South Asia & Oceania Co., Ltd. The acquisition took place on Monday, February 2, 2026.

Logo: https://drive.google.com/file/d/1dqm0cxpYamnvMUra1AGXMuGlX932Z353/view?usp=drive_link 

Photo: https://drive.google.com/file/d/1YnnuMQ4QhY-f8Hpi9r5O-tf_Cq34QwSK/view?usp=drive_link 

The NX Group positions the provision of end-to-end solutions covering the entire customer supply chain as a key strategy for accelerating business growth in the global market, with a particular focus on strengthening global logistics capabilities in South Asia and the surrounding regions.

Founded in 1983 and headquartered in Karachi, Pakistan, the TCS Group is among the largest logistics conglomerates in the country. TCSL, one of the companies of the TCS Group, possesses a nationwide logistics infrastructure in Pakistan, handling domestic land transportation, warehousing and distribution, and international overland transport connecting Central Asia to overseas destinations via the Port of Karachi. Pakistan has a population of over 200 million, with a substantial youth demographic, and future economic growth is anticipated for the country.

Through this acquisition, the NX Group will leverage TCSL’s domestic logistics network and customer base to strengthen its logistics operations in Pakistan, where domestic demand is expected to grow. The NX Group will also work to enhance trade lanes to Central Asia originating from Pakistan, with a focus on developing new logistics services and identifying emerging market needs.

Through collaboration with TCSL, the NX Group aims to realize growth opportunities early, thereby providing stronger support to its customers’ supply chains.

TCSL Overview

(1) Name: TCS Logistics (Private) Limited

(2) Location: 101-104, Civil Aviation Club Road, Near Hajj Terminal, Karachi Airport, Karachi

(3) Warehouse Locations & Facilities

Number of Warehouse Locations: 25

Warehouse Area: 1,494,587 square feet (Approximately 140,000m2)

Vehicles Owned: 322

(4) Representative Name and Position:

Khalid Awan (Chairman)

Saira Awan (President)

(5) Business Activities: Land transportation, warehousing and distribution, land border transportation, forwarding, packaging services and other related operations

(6) Date of Establishment: June 3, 2002

About the NX Group: https://drive.google.com/file/d/1mbvBL6C8THZNrR5LREgGeafNkEdaAmV-/view?usp=drive_link 

NX Group official website: https://www.nipponexpress.com/ 

NX Group’s official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/ 

Everest Medicines Announces China NMPA Approval of VELSIPITY® for Adults with Moderately to Severely Active Ulcerative Colitis

SHANGHAI, Feb. 6, 2026  /PRNewswire/ — Everest Medicines (HKEX 1952.HK, “Everest”, or the “Company”), a biopharmaceutical company focused on the discovery, clinical development, manufacturing and commercialization of innovative therapeutics, today announced that China’s National Medical Products Administration (NMPA) has approved VELSIPITY® (etrasimod arginine tablets) for the treatment of adult patients with moderately to severely active ulcerative colitis (UC) who have had an inadequate response, lost response, or were intolerant to either conventional therapy or a biologic agent.

As a next-generation selective S1P receptor modulator, VELSIPITY® offers the potential for rapid onset of action, and long-lasting clinical remission and mucosal healing through an oral, once-daily regimen for adult patients with moderately to severely active UC.

The approval was based on results from the Asian multicenter Phase 3 ENLIGHT UC study (ES101002) and the global ELEVATE UC Phase 3 program (ELEVATE UC 52 and ELEVATE UC 12). The ENLIGHT UC study is the largest Phase 3 trial of moderately to severely active UC in Asia completed to date, with 340 eligible subjects randomized to treatment with VELSIPITY® or placebo. The study results showed that, VELSIPITY® demonstrated statistically significant and clinically meaningful improvements across all primary and secondary efficacy endpoints during both the 12-week induction period and the 40-week maintenance period. The safety profile of VELSIPITY® was consistent with previous studies, with no new safety signals observed. ELEVATE UC 52 and ELEVATE UC 12 are randomized, double-blind, placebo-controlled global phase 3 pivotal studies, which further demonstrate the positive benefit-risk profile of VELSIPITY®.

“Autoimmune diseases have long-term impacts on patients worldwide, with significant unmet clinical needs persisting both in China and globally, “said Mr. Yifang Wu, Chairman of the Board of Everest Medicines. “The approval of VELSIPITY® underscores the clinical value of innovative therapies for UC and reflects Everest Medicines’ sustained commitment to advancing drug development in line with international R&D standards. We look forward to expanding our global reach and providing patients with broader access to innovative treatment options.”

“Ulcerative colitis is rapidly increasing in China and follows a relapsing course that significantly impairs quality of life and places a substantial burden on both patients and the healthcare system,” said Prof. Chen Minhu, Academic Leader and Chief Expert of the Department of Gastroenterology at The First Affiliated Hospital of Sun Yat-sen University. “Achieving mucosal healing is a widely recognized treatment goal in clinical guidelines, as it improves symptom control, reduces relapse risk, and supports long-term disease management. As a next-generation selective S1P receptor modulator, VELSIPITY® is a once-daily oral therapy with rapid onset of action, strong mucosal healing efficacy, and a favorable safety profile, offering a new long-term treatment option for adults with moderately to severely active UC.”

“UC treatment in China has long faced limited efficacy, high relapse rates, safety concerns, and inconvenient dosing. Despite available biologics and small-molecule therapies, unmet clinical needs persist,” said Prof. Wu Kaichun of the First Affiliated Hospital of AFMU, principal investigator of VELSIPITY®‘s Asian clinical trial. “Results from the ENLIGHT UC study demonstrated that the clinical remission rate at week 40 of the maintenance period reached 48.1%, and the deep mucosal healing rate reached 51.9%, with an endoscopic mucosal normalization rate of 45.5%[1]. As the first Phase 3 registrational study in Asian patients with moderately to severely active UC, the study confirms the efficacy and safety of VELSIPITY® in this population, with results published in The Lancet Gastroenterology & Hepatology[1]. Its approval represents an important milestone and validation, providing patients with a novel treatment option and advancing UC management.”

UC is a chronic, relapsing, non-specific inflammatory bowel disease. In China, the incidence and prevalence of UC are accelerating, with a clear trend toward younger patients. The patient population is projected to increase from approximately 0.98 million in 2025 to 1.50 million by 2031[2],[3].  Symptoms include mucous and bloody stools, abdominal pain, diarrhea and rectal tenesmus, all of which significantly impact patients’ long-term quality of life. There remains a critical need for therapies that offer sustained and comprehensive disease control.

“In China, a large population of patients with moderately to severely active UC continues to face substantial unmet medical needs,” said Mr. Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines. “VELSIPITY® provides patients with moderately to severely active ulcerative colitis a once-daily oral therapy with the potential to achieve steroid-free remission and a favorable benefit–risk profile. Its approval in China addresses a critical unmet medical need and introduces a novel oral therapy promoting deep mucosal healing. We are committed to rapidly commercializing VELSIPITY® and working toward its inclusion in the National Reimbursement Drug List to further expand patient access and affordability, benefiting more patients across China.”

The clinical value of VELSIPITY® has been recognized in leading international clinical guidelines. Following its inclusion in the American Gastroenterological Association (AGA) Clinical Practice Guideline in December 2024 as a first-line treatment for ulcerative colitis, VELSIPITY® was also included in the American College of Gastroenterology (ACG) Clinical Guideline Update in June 2025, with strong recommendations supporting its use for both induction and maintenance of remission in patients with moderately to severely active UC. 

In 2024, VELSIPITY® was included in the Catalogues of Guangdong Province on Drugs and Medical Devices from Hong Kong and Macao in Urgent Clinical Use in Nine Mainland Municipalities of the Guangdong-Hong Kong-Macao Greater Bay Area, making it available at designated hospitals across the region. The localized production project for VELSIPITY® was launched at the Jiashan manufacturing site in March 2025, supporting its future commercialization in China. 

About VELSIPITY® (etrasimod arginine tablets)

VELSIPITY® is a once-daily, oral, sphingosine 1-phosphate (S1P) receptor modulator that selectively binds to S1P receptor subtypes 1, 4, and 5. Regulatory approvals have been granted in US, EU, Canada, Japan, Australia, Singapore, UK, Switzerland, Israel, Turkey, India, Hong Kong SAR, Macao SAR and Mainland China for VELSIPITY® in ulcerative colitis, as well as in additional countries. 

About Phase 3 ENLIGHT UC Registrational study (ES101002) 

ENLIGHT is the largest Phase III trial of moderately to severely active ulcerative colitis in Asia completed to date, with 340 eligible subjects randomized to receive etrasimod or placebo. Patients with an inadequate response or intolerance to at least one conventional, biologic, or Janus kinase (JAK) inhibitor therapy were randomized to receive etrasimod once-daily or placebo for 12 weeks of induction treatment. Patients who completed the 12-week induction period and responded were re-randomized into the 40-week maintenance period to receive once-daily etrasimod or placebo.  

The primary efficacy endpoints were the proportion of patients achieving clinical remission at Week 12 (induction) and Week 40 (maintenance). The key secondary endpoints of the study were the proportion of patients achieving endoscopic improvement and clinical response at Week 12 (induction) and at Week 40 (maintenance).  

The study results showed that, during both the 12-week induction phase and the 40-week maintenance phase, etrasimod demonstrated statistically significant and clinically meaningful improvements across all primary and secondary efficacy endpoints.  

A significantly greater proportion of patients treated with etrasimod than those treated with placebo achieved clinical remission at induction Week 12 (57 [25.0%] of 228 patients vs 6 [5.4%] of 112 patients; adjusted difference 20.4%, 95% CI 13.4–27.4, p<0.0001) and at maintenance Week 40 (37 [48.1%] of 77 patients vs 10 [12.5%] of 80 patients; adjusted difference 35.9%, 95% CI 22.5–49.2, p<0.0001).  

At induction Week 12, a significantly greater proportion of patients treated with etrasimod than those treated with placebo showed endoscopic improvement (85 [37.3%] of 228 patients treated with etrasimod vs 11 [9.8%] of 112 patients treated with placebo; adjusted difference 28.6%, 95% CI 20.5–36.7, p<0·0001) and clinical response (133 [58.3%] of 228 patients treated with etrasimod vs 31 [27.7%] of 112 patients treated with placebo; adjusted difference 32.0%, 95% CI 21.8–42.2, p<0·0001).  

At maintenance Week 40, a significantly greater proportion of patients treated with etrasimod than those treated with placebo showed endoscopic improvement (47 [61.0%] of 77 patients treated with etrasimod vs 12 [15.0%] of 80 patients treated with placebo; adjusted difference 46.6%, 95% CI 33.2–60.1, p<0·0001) and clinical response (61 [79.2%] of 77 patients treated with etrasimod vs 28 [35.0%] of 80 patients treated with placebo; adjusted difference 45.6%, 95% CI 31.9–59.3, p<0·0001). Other secondary endpoints, including mucosal healing, endoscopic normalization, and histological remission, also significantly favored patients treated with etrasimod compared with placebo. Notably, mucosal healing as measured by a central read endoscopic subscore≤ 1 (excluding friability) with a Geboes Index score < 2.0, was achieved in 51.9% of the etrasimod treated patients compared to 8.8% in the placebo group (p<0.0001). The safety profile of etrasimod during the maintenance period was consistent with previous studies, with no new safety findings observed. 

About ELEVATE UC Phase 3 Registrational Program (ELEVATE UC 52 and ELEVATE UC 12)

ELEVATE UC 52 and ELEVATE UC 12 are pivotal trials that are part of the ELEVATE UC Phase 3 registrational program[4].

ELEVATE UC 52 is a randomized, double-blind, placebo-controlled trial that utilized a treat-through design comprising a 12-week induction period followed by a 40-week maintenance period. Subjects were randomized to receive etrasimod or placebo and continued on treatment without re-randomization for the entire duration of the study. Beginning at Week 12, all patients could continue their randomized treatment; patients whose disease had not improved or had worsened compared with baseline could discontinue treatment and, if eligible, enroll in an open-label extension study. The primary objective of this trial was to assess the safety and efficacy of etrasimod 2 mg once daily on clinical remission after both 12 and 52 weeks. The primary endpoint was based on the 3-domain, modified Mayo score (MMS). In ELEVATE UC 52, clinical remission was achieved by 27.0% of patients receiving etrasimod compared with 7.0% of patients receiving placebo at Week 12 (19.8% differential, P˂0.0001) and by 32.0% compared with 7.0% at Week 52 (25.4% differential, P˂0.0001). Statistically significant improvements were observed in all key secondary endpoints, including endoscopic improvement and mucosal healing at Weeks 12 and 52, and corticosteroid-free remission and sustained clinical remission at Week 52.

ELEVATE UC 12 is a randomized, double-blind, placebo-controlled trial designed to assess the efficacy and safety of etrasimod 2 mg once daily in subjects with moderately to severely active UC. The primary objective of this trial was to assess the safety and efficacy of etrasimod on clinical remission at Week 12, as assessed by the 3-domain MMS. In ELEVATE UC 12, clinical remission was achieved among 25.0% of patients receiving etrasimod compared with 15.0% of patients receiving placebo (9.7% differential, P=0.026). All key secondary endpoints were met at Week 12, including endoscopic improvement and mucosal healing.

In ELEVATE UC 12, a similar proportion of patients experienced treatment-emergent adverse events (AEs) between the etrasimod 2 mg and placebo treatment groups, while in ELEVATE UC 52, the proportion of adverse events was higher in the etrasimod 2 mg group compared with placebo. The proportion of patients experiencing serious AEs was similar between treatment groups in both trials. The most common treatment-emergent AEs occurring in 3% or more of etrasimod-treated patients and at a higher frequency than placebo through Week 52 in either trial were headache, elevated liver tests, worsening of UC, COVID-19 infection, dizziness, pyrexia, arthralgia, abdominal pain and nausea. Data support that initiation of etrasimod treatment does not require a complex up-titration regimen.

Nearly two-thirds of patients in ELEVATE UC 52 and ELEVATE UC 12, respectively, were naïve to biologic or JAK inhibitor therapy.

References:

[1]. K. Wu, et al. Lancet Gastroenterol Hepatol. 2025 Sep 30:S2468-1253(25)00198-0.
      Full results of the ENLIGHT UC study (ES101002) by The Lancet Gastroenterology & Hepatology.

[2]. Shao B, et al. Front Public Health. 2022 Oct 25;10:1032679.    

[3]. Kaplan GG. Nat Rev Gastroenterol Hepatol. 2015;12(12):720-727.

[4]. Sandborn WJ, et al. Lancet. 2023 Apr 8;401(10383):1159-1171.

About Everest Medicines

Everest Medicines is a biopharmaceutical company focused on discovering, developing, manufacturing and commercializing innovative pharmaceutical products that address critical unmet medical needs for patients in global markets. The management team of Everest Medicines has deep expertise and an extensive track record both in China and with leading global pharmaceutical companies.

The Company’s therapeutic areas of focus include autoimmune, ophthalmology, critical care, and CKM (cardiovascular, kidney, and metabolic) diseases. Everest Medicines has developed a fully integrated commercialization platform that combines omnichannel commercial capabilities with end-to-end product lifecycle management. Leveraging its proprietary mRNA platform, the Company is advancing its existing pipeline, including mRNA in vivo CAR-T and mRNA cancer vaccines, while selectively expanding into additional high-value therapeutic areas with blockbuster potential, and accelerating its global expansion. For more information, please visit the Company’s website: www.everestmedicines.com.

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