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Chime Enters Cooperation with Panolos to Develop Multi-Specific Candidate

publication date: Sep 22, 2023

Chime Biologics, a Wuhan biologic CDMO, signed a strategic cooperation agreement with Panolos Bioscience of South Korea to accelerate development of a novel protein drug, PB203, for solid tumors. PB203 is a multi-specific protein targeting VEGF, PIGF and PD-L1. Chime has adopted a “Grow with Customers” business model that allows clients to pay only part of the cost of development initially, with the remainder due after approval or a financing. Formed in 2019, Chime contains the Wuhan CDMO operations of JHL Biotech, a company that closed after losing a Genentech IP suit. Chime’s A+ round raised $190 million in 2021. More details....

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