Ping An Ventures leads $20m round for China's Xgene
Xgene Pharmaceutical, a Chinese drug maker, has raised $20 million in a Series B round of funding led by Ping An Ventures with participation from Zhongtai Investment – a unit of Indonesia’s Sinar Mas Group – and existing investors Morningside Venture Capital and TF Capital.
Founded in 2016, the Shanghai and San Francisco-based company develops small molecule drugs for the treatment of chronic pain, infectious diseases and different kinds of tumors. It pipeline includes several...
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