Adlai Nortye Raises $100 Million for Immunoncology Portfolio

On August 31, 2020 Adlai Nortye Biopharma of Hangzhou reported that it raised nearly $100 million in a C financing to support development of its immunoncology portfolio (Press release, Adlai Nortye Biopharma, AUG 31, 2020, View Source [SID1234564216]). Founded in 2016, the company has three candidates in clinical trials and at least ten more undergoing pre-clinical tests. The fundraising was led by Hangzhou Tigermed and Yingke Capital. Because it targets global markets, Adlai Nortye has established a US R&D and clinical operations center in New Jersey, in addition to its China facilities.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!