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Shanghai Stemirna Lands $200 Million to Develop mRNA COVID Vaccine

publication date: Jun 3, 2021

Shanghai's Stemirna Therapeutics raised nearly $200 million to finance clinical trials and production of its messenger RNA COVID-19 vaccine candidate. The company, located in Zhangjiang Hi-Tech Park, develops immunoncology and infectious disease products using its mRNA technology. It expects its COVID-19 vaccine candidate, which has already started a Phase II trial, will be effective against the South Africa, Brazil and India variants. The financing was led by China Merchants Group's health sector investment arm, Sequoia Capital China and WuXi AppTec. More details....

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