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Lianya Pharma Completes $62 Million Round for Hard-to-Make Generics

publication date: Feb 2, 2021

Nantong Lianya Pharma, a division of Novast, completed a $62 million funding that was led by Highlight Capital, with participation from Shiyu Investment. The company has 40 US-approved difficult-to-make generic drugs including over 30 hormone products and nine oral controlled-release drugs. Lianya is applying for China approvals of the drugs. One year ago, it raised $140 million in private equity led by Legend Capital. Founded in 2005, Lianya focuses on drug delivery/extended release formulations of generics. More details....

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