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CANbridge Closes $98 Million D Round for Rare Disease/Oncology Portfolio

publication date: Feb 18, 2020

CANbridge Pharma, a Beijing biopharma developing products for orphan diseases and targeted cancers, closed a $98 million Series D financing led by General Atlantic and WuXi AppTec. Each of the two companies has the option to invest up to an additional $10 million. CANbridge has a global partnership with WuXi Biologics to develop novel therapeutics that treat rare genetic diseases. In January, CANbridge acquired China rights from South Korea's GC Pharma to commercialize Hunterase®, an enzyme replacement therapy for patients with Hunter syndrome. More details....

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