Research & Development China based Lynk Pharma raises $50M in series B...

China based Lynk Pharma raises $50M in series B funding round

-

The Chinese pharmaceutical R&D company, Lynk Pharmaceuticals Co. Ltd., has successfully raised $50 million in Series B funding round.

It was founded in 2018 by the Chairperson and CEO, Dr. Zhao-Kui (ZK) Wan, with the aim to develop FIC/BIC small molecule drugs globally for different cancers, autoimmune and inflammatory diseases.

Within the three and half years of its existence, the pharmaceutical R&D company has managed to receive IND approvals in China and U.S. for three of its products, initiated worldwide clinical development efforts and completed ex-Chinese rights out-license of LNK01001 to a U.S. company and also in-license of the top-tier RAS program of Japan’s Kobe University and RIKEN in 2020.  

The Series B financing round was headed by Lilly Asia Ventures (LAV) as a lead investor. New Alliance Capital and Hangzhou HEDA Biological Medicine Venture Capital Partnership (L.L.P.), together with its original shareholders Legend Capital and Med-Fine Capital, also took part for the cause.       

The company now plans to utilize these funds for phase I and II clinical trials of certain projects in its R&D pipeline. Moreover, these funds will be used for extending international business of the company Lynk Pharmaceuticals upholding international collaborations with various companies and aiding preclinical development of new projects.

+ posts

Latest news

Merck Signs $493M Agreement to Use Cyprumed’s Oral Peptide Platform

Merck & Co. is taking a significant step toward transforming its peptide therapies into convenient oral tablets through a...

The late-stage research of Bristol Myers’ heart disease medication falls short of its primary objectives

Bristol Myers Squibb disclosed that its drug stavartanate did not successfully improve functional capacity or symptom intensities in heart...

J&J MedTech presents the first Ottava surgical robot clinical cases

Johnson & Johnson MedTech successfully conducted the initial clinical use of Ottava surgical robot through a minimally invasive gastric...

Must read

Surrounded by controversy, FDA approves Biogen’s Alzheimer’s drug Aduhelm

In the middle of the debate about the Alzheimer’s drug approval, the United States FDA has authorized Aduhelm

You might also likeRELATED
Recommended to you