Healthcare Sep 04, 2020 10:41 AM (GMT+8) · EqualOcean
InxMed, a Nanjing-based biotechnology company, announced the close of Series A+ fundraising of CNY 130 million. The investment was co-led by Innovation Venture’s Science and Technology Fund and China Growth Capital, participated by InnoMed Capital and Grand Yangtze Capital. The bankroll will facilitate the clinical research of the IN10018 (a type of focal adhesion kinase for cancer treatment, FAK) and establish a medical healthcare platform. The past year saw the fast growth in clinical development and the research had been conducted in the US, Australia and China.