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Ascletis Acquires Rights to 3-V Bio's NASH Candidate and Leads $18 Million E Financing

publication date: Feb 13, 2019

Ascletis Pharma of Hangzhou in-licensed China rights to a novel non-alcoholic steatohepatitis (NASH) candidate from San Fransico's 3-V Biosciences and led an $18 Series E financing in 3-V. The NASH candidate is a Phase II-ready fatty acid synthase inhibitor. Ascletis, a viral, cancer and fatty liver diseases company that currently markets two treatments for hepatitis C, will have rights to the candidate in Greater China. The 3-V investment syndicate agreed to contribute an additional $7 million to the Series E in the future. More details....

Stock Symbol: (HK: 1672)

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