MicuRx Lands $9.6 Million to Fund China Trials of Antibiotic
publication date: Oct 24, 2012
MicuRx Pharma, a US-China clinical-stage biopharma, formed a JV with Shanghai Zhangjiang Biomedical Industry Venture Capital. Shanghai Zhangjiang invested 60 million RMB ($9.6 million) in the JV, and MicuRx contributed China rights to its lead antibiotic candidate. MRX-I is a novel, oral oxazolidinone antibiotic that is designed to be effective against antibiotic-resistant infections. MicuRx, which located its China facilities in Zhangjiang Park, will use the money to fund China Phase II and III clinical trials of MRX-I. MicuRx presented at ChinaBio®’s first Investor Forum, held in 2007. More details...
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