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Adlai Nortye Raises $100 Million for Immunoncology Portfolio

publication date: Aug 31, 2020

Adlai Nortye Biopharma of Hangzhou raised nearly $100 million in a C financing to support development of its immunoncology portfolio. Founded in 2016, the company has three candidates in clinical trials and at least ten more undergoing pre-clinical tests.  The fundraising was led by Hangzhou Tigermed and Yingke Capital. Because it targets global markets, Adlai Nortye has established a US R&D and clinical operations center in New Jersey, in addition to its China facilities. More details....

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