Healthcare Sep 03, 2020 01:27 PM (GMT+8) · EqualOcean
Tongli Biomedical, a Suzhou-based biotechnology company, recently raised a fund of CNY 10 million exclusively from Tigermed’s equity investment company. The bankroll will inject in the clinical trial projects for developing candidate drugs for parasitic zoonoses. Tropical infectious disease refer to those incurred by parasites, bacteria and viruses. World Health Organization estimates that there are over 17 commonly ignored infectious diseases across over one hundred tropical and sub-tropical countries, covering close to 1.4 billon people. Tigermed (03347:HK), as a tier-one Chinese contract research organization (CRO), has stepped in first to take a share of the vast global market.
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