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Avistone Closes $140 million Series B Round for Precision Medicine Oncology Portfolio

publication date: Jan 5, 2024

Beijing Avistone Biotech completed a $140 million Series B financing to advance its portfolio of innovative precision medicine oncology candidates. In late 2021, Avistone received a $200 million strategic investment led by Vivo Capital while also merging with Beijing’s Pearl Biotech. The portfolio of the two companies included Avistone's lead drug, a c-Met inhibitor in late-stage clinical development for genetically-defined NSCLC and glioblastoma patients. Avistone in-licensed the drug from Apollomics of California. The new Series B financing was led by SDIC CS Capital and IDG Capital, with Yanchuang Capital and Cathay Capital participating. An existing shareholder, Bain Capital, also made an investment. More details...

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