On June 17, 2021 OncoNano Medicine, located in a suburb of Dallas, Texas, reported that it raised $50 million for its novel pH-based cancer products in a B round led by Advantech Capital, a China cross border investor(Press release, OncoNano Medicine, JUN 17, 2021, View Source [SID1234584111]). Proceeds of the round will be used to support the Phase II US/EU clinical trials for pegsitacianine, a real-time imaging agent used in intraoperative surgical resection of solid tumors, and to accelerate development of ONM-501, a novel immunoncology molecule. OncoNano was founded by Jinming Gao, PhD, who received his BS from Peking University and PhD from Harvard.

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