Lupeng Pharma Closes 2nd $35 Million Pre-B Tranche for Small Molecule Drugs

▤ Summary

Guangzhou Lupeng Pharmaceutical completed its second $35 million pre-B tranche led by Kaitai Capital and Temasek. Temasek also led the previous $35 million pre-B tranche, which was completed one year ago. Founded in 2018, Lupeng aims to develop global best-in-class small molecule therapies for cancer, hepatitis B and autoimmune diseases. Currently, the company is conducting nine clinical trials of four clinical stage assets in China and the US. Its lead drug is a selective Bcl-2 inhibitor aimed at advanced leukemia while a second drug, a dual Bcl-2/Bcl-xl inhibitor, also targets cancer.

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