xi's moments
Home | Companies

EpimAb Biotherapeutics completes Series B financing

By Xing Yi | chinadaily.com.cn | Updated: 2019-06-05 15:23

A screenshot from the homepage of EpimAb Biotherapeutics, a Shanghai-based biopharmaceutical company that specializes in bispecific antibodies, taken on June 5, 2019. [Photo/epimab.com]

EpimAb Biotherapeutics, a Shanghai-based biopharmaceutical company that specializes in bispecificantibodies, announced the completion of a $74 million Series B financing round on Wednesday.

The funding round was co-led by SDIC Fund and Sherpa Healthcare Partners. The company has now raised over $100 million from two rounds of fundings.

"The completion of our Series B financing will allow the company to accelerate its transformation into a mid-size company that is rapidly growing," said Wu Chengbin, founder and CEO of EpimAb Biotherapeutics.

Wu noted that the new funds will allow the company to advance its clinical pipeline of novel bispecific antibodies.

Based in Zhangjiang in Shanghai's Pudong New Area, EpimAb has emerged as "one of the most innovative Shanghai-based biotech companies with a global vision", said Li Dongfang, director at SDIC Fund who join the board of EpimAb with immediate effect following the conclusion of the company's Series B financing.

"With EpimAb's proprietary platform, strong scientific portfolio and well-organized management, we are confident of its development in the upcoming years and are determined to become part of this exciting and unique enterprise," Li said.

Shanghai has highlighted the development of biomedicine as a strategically important sector in its ambition to become a global hub of science and innovation. Zhangjiang is China's first biopharmaceutical hub that is currently incubating more than 400 biomedicine companies.

Wang Junlin contributed to this story

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349