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Suzhou's Alphamab Closes $60 Million Series B for Biologic Oncology Portfolio

publication date: May 28, 2019

Alphamab Oncology of Suzhou closed a $60 million Series B led by Hudson Bay Capital Management to support its biologic oncology drug business. Using its experience in protein development, Alphamab is building a portfolio of multi-functional biologic therapies for cancer indications, including bispecific and mix-mAb platforms. The company will use the money for R&D and manufacturing facilities, clinical development of its pipeline and upcoming commercial launch of its lead candidate. In November 2018, Alphamab raised $130 million in a Series A financing. More details....

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