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Beijing Mabworks Closes $160 Million C1/C2 Round for Biologic Drugs

publication date: Apr 16, 2020

Beijing Mabworks Biotech raised $160 million in a Series C1/C2 funding to support its biologic drug development efforts. Founded in 2011, Mabworks has more than 15 candidates being tested in China and US trials targeting diseases that include lung, breast and colorectal cancers, leukemia and infectious diseases. The company has partnered with InnoCare Pharma to develop a novel therapy for B-cell lymphoma, and it also collaborates with China's Betta Pharma, an oncology company. The funding was led by CICC Qide Innovative Biopharma Equity Investment Fund, CITIC Securities, Lyzz Capital and Huge Capital. More details....

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