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Tot Biopharm of Suzhou Closes $102 Million Round for Cancer Drugs

publication date: Aug 8, 2018

Tot Biopharm of Suzhou closed a $102 million Series B financing round, which it will use to develop a portfolio of high-end anti-tumor drugs. Tot Bio has over ten drugs in the R&D stage, including three biologics and three small molecules that have been approved for clinical trials. Its Avastin biosimilar has started a Phase III trial. Tot Bio emphasizes foreign partnerships as a means of maximizing the potential of its products. The financing was supported by China Universal GP Limited along with existing investors. More details....

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