Tech Company Financing Transactions
LongBio Funding Round
Qiming Ventures and private investors joined a Series B funding round for LongBio. The round was recorded on 9/24/2024.
Transaction Overview
Company Name
Announced On
9/24/2024
Transaction Type
Venture Equity
Amount
Unknown
Round
Series B
Investors
Qiming Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to advance late-stage clinical studies in its pipeline, strengthen team capabilities, and bolster working capital.
Company Information
Company Status
Private & Independent
Industry
Life Sciences
Mailing Address
No. 88 building, #887 Zuchongzhi road, Zhangjiang Hi-tech Pa 302
Shanghai, Undisclosed
China
Shanghai, Undisclosed
China
Phone
Undisclosed
Website
Email Address
Overview
LongBio Pharma is a biotech company located in Shanghai, China. The company, which was founded in 2018, is focused on autoimmune and rare diseases, serving patients and society. The co-founder of LongBio Pharma, Dr. Sun, Bill, Nai-chau, is also the co-founder of Tanox, with its IPO in Nasdaq at 2000 and acquired by Genentech in 2007. He is also the co-inventor of Omalizumab (Xolair®, Global sales is 3.6B USD in 2022), the first anti-IgE antibody approved by FDA.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Medical Officer
Jay Lou
Co-Founder
Heng Heng
Co-Founder
Bill Sun
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