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Nantong Lianya/Novast Raises $140 Million for Generics and Extended-Release Drugs

publication date: May 11, 2020

Nantong Lianya Pharma and its parent company, Novast Holdings, raised $140 million in private equity led by Legend Capital. Novast is a generic drug company specializing in hard-to-make products, especially extended-release formulations. It has developed more than 180 innovative and generic drugs for global markets. In the US, Novast has FDA permission to market 40 drugs, including more than 30 hormone and nine extended-release products, many of them with a leading market share. In 2012, Novast partnered with Lilly, building a Nantong manufacturing facility to supply products to China's market. More details....

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