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Hinova Pharma Completes $40 Million Series B for US-China Trials of Prostate Cancer Drug

publication date: Jul 29, 2019

Hinova Pharma, a Chengdu novel drug company, completed a $40 million Series B round led by Hermed Capital and Fosun Pharma. The company said it would use the proceeds to support its China-US Phase III trials of its treatment for metastatic castration-resistant prostate cancer (mCRPC), and a Phase I/II clinical study for a gout treatment. Founded in 2013, the company is developing a portfolio of eight novel drugs. The B round also included Lang Sheng Investment, Prosper Capital and other investors. More details....

Stock Symbols: (SHA: 600196; HK: 2196)

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