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Clover Closes $24 Million B-2 Financing for Novel Biologics and Biosimilars

publication date: Jun 10, 2020

Clover Biopharmaceuticals, a Chengdu biotech company, announced a $24 million Series B-2 add-on financing from GL Ventures. Clover completed a $43 million Series B round in November 2019. Clover's novel drug development is based on its Trimer-Tag technology that allows production of novel, covalently-trimerized fusion proteins. The company believes trimerization makes it possible to target previously undruggable pathways. Since 2016, Clover has raised over $140 million. More details....

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