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Lynk Closes $16 Million C2 Round to Advance JAK Inhibitors for Autoimmune Diseases

publication date: Sep 21, 2023

Hangzhou Lynk Pharmaceuticals closed a $16 million Series C2 financing to advance its portfolio of oncology and autoimmune therapies. In May, the company raised $28 million in a Series C1 round. Lynk’s portfolio consists of highly selective second-gen and tissue-specific third-gen small molecule JAK inhibitors, which have shown quick onset and excellent efficacy, according to the company. Its lead drug, LNK01001, recently reported positive results in a Phase II trial for rheumatoid arthritis and other autoimmune diseases. The C2 round was led by Shaoxing Binhai New Area Biomedical Industry Equity Investment Fund. More details....

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