Tech Company Financing Transactions
IASO Biotherapeutics Funding Round
IASO Biotherapeutics secured a $75 million Series C funding round on 1/17/2023. Backers included EFung Capital, Hongcheng Capital and Housen Care Brothers.
Transaction Overview
Company Name
Announced On
1/17/2023
Transaction Type
Venture Equity
Amount
$75,000,000
Round
Series C
Investors
Proceeds Purpose
The funding will support research and development of the company's pipeline products, and the commercial launch of its core product Equecabtagene Autoleucel.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
5th floor, No. 77-78,Lane 887, Zuchongzhi Road, Shanghai Pil
Shanghai, 201203
CN
Shanghai, 201203
CN
Phone
Website
Email Address
Overview
IASO Bio is a clinical-stage biopharmaceutical company engaged in the discovery and development of novel cell therapies for oncology and autoimmune diseases. Leveraging its proprietary fully-human antibody discovery platform (IMARS), high-throughput CAR T drug screening platform, and proprietary manufacturing processes, IASO Bio is developing a rich clinical-stage pipeline of multiple autologous and allogeneic CAR-T and biologics product candidates. This includes a diversified portfolio of over 10 novel pipeline products, including IASO's leading asset, Equecabtagene Autoleucel (CT103A), a fully human BCMA chimeric antigen receptor autologous T cell injection. Equecabtagene Autoleucel received New Drug Application (NDA) acceptance from China's National Medical Products Administration (NMPA) for the treatment of relapsed/refractory multiple myeloma (r/r MM).
Management Team
Title
Name
Email & Social
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