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EntreMed Raises $10.7 Million from KPCB and IDG-Accel China Funds

publication date: Mar 5, 2013
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EntreMed, a US biotech with strong China connections, raised $10.7 million from two China-specific institutional investment funds: Kleiner Perkins Caufield Byers China Fund II LP and IDG-Accel China Growth Fund III LP. EntreMed will use the money to conduct clinical trials of its lead oncology drug candidate, ENMD-2076. In January, EntreMed filed an application with the SFDA to begin China trials of the drug in patients with triple-negative breast cancer. More details....

Stock Symbol: (NSDQ: ENMD)

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