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Guangzhou Magpie Pharma Completes $15 Million B Round

publication date: Feb 13, 2019

Guangzhou Magpie Pharmaceutical completed a $15 million B funding from Sangel Capital. Magpie is an innovative company that is developing drugs based on modernized formulations of proven TCM drugs. It aims to discover drugs that are either best-in-class or first-in-class. Its most advanced candidate is a nitrone triazine (TBN) treatment for ischemic stroke, currently in a China Phase I trial. The company said it hopes to have between four and six candidates in clinical trials within three years. More details....

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