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CGene Tech of Suzhou Raises $14.5 Million in Series A+ Round to Develop Small-Molecule Drugs

publication date: Aug 2, 2019

CGene Tech, a Suzhou BioBay novel small molecule drug developer, raised $14.5 million in a Series A+ financing, led by Hongtai Capital with ABC International participating. CGene's lead candidate is an innovative cetagliptin phosphate DPP-4 inhibitor for type 2 diabetes that has completed a Phase I trial in China. CGene said it would use the proceeds from the round to advance the clinical program for its hypoglycemic drug and support development of its oncology candidates and generic drugs for rare diseases. More details....

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