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E-nitiateBio Closes $15 Million Round to Support Autoimmune Portfolio

publication date: Aug 31, 2022

Hangzhou’s E-nitiate Biopharma closed a $15 million Series A financing to develop drugs for autoimmune diseases. Founded in 2020, E-nitiate is a joint venture between VivaVision Biotech and the Betta Pharmaceuticals fund, which contributed at least $3 million in an Angel Round. The company plans to develop products from its own R&D pipeline plus strategic collaborations with other companies. It is also collaborating with Betta Pharma on clinical trials for the latter company's pipeline. E-nitiateBio is a project of Hangzhou Linping National Development Zone. More details....

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