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IONOVA Life Science Announces New Financing Round of USD $100 Million

On August 27, 2021 Shenzhen IONOVA Life Science Co., Ltd. ("IONOVA" or "the company"), a clinical-stage biotechnology company located in the Guangdong-Hong Kong-Macao Greater Bay Area of China, reported that completion of a new financing round of USD $100 million, jointly led by Tsing Song Capital, Shenzhen Capital Group Company, Ltd. ("SCGC"), and Greater Bay Area Homeland Development Fund, with existing shareholders Dyee Capital and Lilly Asia Ventures (LAV) adding to their holdings. Life Venture served as financial advisor (Press release, Shenzhen Ionova Life Sciences, AUG 27, 2021, View Source [SID1234586973]).

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IONOVA was founded in November 2016 by Dr. Yongkui Sun, a former veteran from Merck Research Laboratories for over 20 years in R&D and business development, and a member of the US National Academy of Engineering. IONOVA’s thrust is to develop a new generation of innovative targeted and immuno therapies for more effective cancer treatment.

IONOVA leadership consists of a team with extensive drug hunting experiences ranging from disease biology to early clinical development. The company’s unique research arm, Touchstone Translational Research Institute, enables the company to establish both internal disease biology-driven drug discovery programs, and external collaborations with academia and industry to translate discoveries in basic biomedical research into novel therapies for cancer treatment. IONOVA has a rich pipeline of drug candidates fighting cancers and cancer resistance. Among them, INV-1120 is in Ph I in the US.

"We at IONOVA are committed to translation of basic biomedical research discoveries into novel drugs with differentiated clinical benefits in cancer treatment. We are excited to complete this round of financing led by Tsing Song Capital, Shenzhen Capital Group Company, Ltd. ("SCGC"), and Greater Bay Area Homeland Development Fund, three venture firms renowned in fueling growth of biotechnology in China. We are also delighted to have continued support from our earlier investors Dyee Capital and Lilly Asia Ventures. The fund will fuel rapid advancement of a growing number of preclinical and clinical oncology candidates in IONOVA pipeline. Jointly we will use our collective creativity to bring forward IONOVA innovations from the Great Bay Area to global marketplace and to the benefits of cancer patients around the world," said Dr. Yongkui Sun, founder, Chairman and CEO of IONOVA.

"IONOVA has a well-defined R&D strategy that solidly anchors on a deep understanding of cancer biology and patient needs and focuses on creating novel cancer therapeutics that have significant clinical values and clear product differentiation. To improve success of novel drug discovery efforts, IONOVA established an innovative industry-leading translational research platform that aims to harness the collective ingenuity of scientific ecosystem. IONOVA constantly strives for scientific excellence and accelerates drug development by intense focus on projects that have strong scientific rationale, combination synergy and biomarker strategy to bring our innovations sooner to patients," said Dr. Xiang S Ye, Chief Scientific Officer of IONOVA.

"It’s our honor to support IONOVA, as well as continue to boost the company’s promising research and development pipeline. We believe there remains a variety of untapped opportunities in the global oncotherapy field. Moreover, we strongly agree with the company’s development strategy. The company has been engaged in the tumor microenvironment and immunoregulation since its founding. A synergetic pipeline of "immunotherapy + targeted therapy" has been constructed, clinical development of various drugs are being systematically and rapidly advanced, and the pipeline is also being further enriched. These all prove the strong execution capabilities of the company’s management team. We are confidently looking forward to a future where IONOVA will become the leading enterprise of innovative drugs in the oncotherapy field in China and even globally, healing patients, and fulfilling its vision," said Dr. Zhang Song, founder of Tsing Song Capital.

"IONOVA has a world-class R&D team for innovative cancer drugs. The company is equipped with experienced scientists in all areas of new drug R&D and has established a strong R&D platform for translational medicine, which continuously contributes to high-value product pipelines. All product pipelines have global interests and pay great attention to synergy; the company’s overall development strategy is highly consistent with the current policy orientation of China and development trend of the global pharmaceutical industry. We are very optimistic about the company’s future development potential, " said Dr. Xing Zhibin of SCGC.

ViewRay® to Present at the Morgan Stanley 19th Annual Global Healthcare Conference

On August 27, 2021 ViewRay, Inc. (NASDAQ: VRAY) reported that the Company will present at the Morgan Stanley 19th Annual Global Healthcare Conference. Scott Drake, President and Chief Executive Officer, and Zach Stassen, Chief Financial Officer, will participate in a fireside chat at 10:15 a.m. Eastern Time on Friday, September 10, 2021 (Press release, ViewRay, AUG 27, 2021, View Source [SID1234586972]).

An audio webcast of the Company’s presentation will be available on the investor relations section of ViewRay’s website at View Source A replay of the webcast will be available for 7 days after the date of the presentation.

Lynk Pharmaceuticals announced the completion of Series B financing of $50 million

On August 27, 2021 Lynk Pharmaceuticals CO., LTD (hereinafter referred to as "Lynk Pharmaceuticals"), an innovative pharmaceutical R&D company, reported that it has successfully completed Series B financing of $50 million, with Lilly Asia Ventures (LAV) as lead investor, New Alliance Capital and Hangzhou HEDA Biological Medicine Venture Capital Partnership (L.L.P.) as co-investors, and its original shareholders Legend Capital and Med-Fine Capital as participating investors (Press release, Lynk Pharmaceuticals, AUG 27, 2021, View Source [SID1234586971]). The proceeds from this round of financing will mainly be used to conduct Phase I and II clinical trials for multiple programs in the R&D pipeline of Lynk Pharmaceuticals. In addition, the funding will be used to expand international business, strengthen international collaborations with leading companies and support preclinical development of new projects. CEC Capital acted as the exclusive financial advisor to Lynk Pharmaceuticals in this transaction.

Founded in 2018, Lynk Pharmaceuticals is a globally leading innovative drug R&D company. Based on the team’s world-leading experience in medicinal chemistry and small molecule clinical development, it is dedicated to the development of global FIC/BIC small molecule drugs for autoimmune diseases, inflammation and cancers. In three and a half years since its establishment, Lynk has obtained IND approvals for three original products in China and the United States, launched global clinical development efforts, and completed the ex-Chinese rights out-license of LNK01001 to a US company and the in-license of the first-in-class RAS program from Japan’s Kobe University and RIKEN, both in 2020.

Dr. Zhao-Kui (ZK) Wan, Chairman and CEO of Lynk Pharmaceuticals, said, "We are very much grateful for the recognition and support from the top investors in the industry. Since the establishment of Lynk Pharmaceuticals, we have been advancing our projects with efficient execution, and we have made significant progress in just three and a half years. This round of financing will lay a solid foundation for us to further develop our pipeline and continue to advance innovative therapies. Owing to the great efforts of many scientists and investigators, I believe that we will benefit patients with innovative therapies as soon as possible."

According to Dr. Ting Feng, Vice President of Lilly Asia Ventures (LAV), "We are deeply impressed by the efficient execution and global vision of Lynk Pharmaceuticals’ management team. We are also very optimistic about the future huge market space and the unmet patient needs in the field of autoimmune disease and cancer. We are excited to partner with the Lynk team to accelerate its growth and look forward to more breakthroughs and successes in the future with our innovation capability."

Lei Cai, Managing Director at New Alliance Capital, commented："there have been huge unmet needs as well as great potential for small molecule drugs to treat autoimmune disease and cancer. Lynk’s international vision and strong team execution have left a deep impression on us; we are very happy to have the opportunity to work with Lynk. New Alliance Capital will provide full support in all aspects of capitals and industry resources to support the company to become a global leader and bring more effective solutions to benefit patients across the world."

Lynk Raises $50 Million to Develop Small Molecule Drug Portfolio

On August 27, 2021 Lynk Pharmaceuticals reported that it completed a Series B financing of $50 million to conduct Phase I/II clinical trials of its pipeline products and expand its international business (Press release, Lynk Pharmaceuticals, AUG 27, 2021, View Source [SID1234586971]). Founded in 2018 by veteran drug hunters with experience working for Pfizer, Merck and Johnson & Johnson, Lynk is developing FIC/BIC small molecule drugs for autoimmune diseases, inflammation and cancer. The financing was led by Lilly Asia Ventures, plus New Alliance Capital and Hangzhou HEDA Biological Medicine as co-investors

Genmab to Present at Morgan Stanley 19th Annual Global Healthcare Conference

On August 27, 2021 Genmab A/S (Nasdaq: GMAB) reported that its CEO, Jan van de Winkel, Ph.D. will participate in a virtual fireside chat at the Morgan Stanley 19th Annual Global Healthcare Conference at 8:00 AM EDT / 2:00 PM CEST on September 9, 2021b (Press release, Genmab, AUG 27, 2021, View Source [SID1234586970]). A webcast of the event, which will include brief opening remarks followed by a question-and-answer session, will be available on Genmab’s website at View Source