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Lepu Medical Leads $40 Million Financing for Rgenix, a New York Biopharma

publication date: Oct 10, 2018

Lepu Medical Technology of Beijing led a $40 million Series C round for New York-based Rgenix. Lepu contributed $12.5 million to the round and said it "looks forward to exploring possible collaborative opportunities with Rgenix as part of our goal to develop further in the oncology market together." Rgenix will use the proceeds to support Phase Ib and Phase II clinical trials of RGX-104, its small molecule immunotherapy and lead product, plus development of a molecule that suppresses gastrointestinal cancer progression and several discovery stage programs.More details....

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