• Tue news: Pfizer explores sale of hospital drugs unit. FDA declines full approval of Ocaliva. AZ better than expected Q3 results. Pfizer, Lilly telehealth platforms draw scrutiny. 23andMe cutting lays off 40%. See more on our front page

Shanghai biotech tackling kidney disease gets another round of cash

cafead

Administrator
Staff member
  • cafead   Sep 14, 2021 at 11:22: AM
via Four months after a secretive Shanghai biotech pulled in $60 million for a Series B round, it’s returning to the fore with a little more cash.

Alebund Pharmaceuticals closed a $54.5 million round it’s describing as “Series B+,” the company announced Monday evening, aiming to further advance its kidney disease programs. Funds will go toward two clinical assets as well as the construction of a manufacturing site, Alebund said in a release.

article source