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Ji Xing, a Shanghai Pharma, Completes B Round for Cardiovascular Drugs

publication date: Jul 14, 2021

Shanghai's Ji Xing Pharma completed a B funding round from New York City's RTW Investments, a healthcare investor that is the only Ji Xing backer to date. The size of the B round was not disclosed, but RTW has already provided significant capital to Ji Xing. To acquire China rights to a treatment for hypertrophic cardiomyopathy, RTW made a $50 million investment into Cytokinetics, ear-marked $90 million for development costs, and purchased royalty rights on future sales for $85 million. Ji Xing is developing Cytokinetics' CK-274 in China. More details....

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