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GenSciences Raises $124 Million for New Drug Development

publication date: Mar 4, 2021

GenSciences, a commercial-stage Changchun drug company, has raised over $124 million in its series A and B rounds, the company announced. GenSci is a wholly owned subsidiary of Changchun High-Tech Industry, which was started as a construction company, but narrowed its focus to life science. Its portfolio includes genetically engineered pharmaceuticals, biological vaccines and modern traditional Chinese medicine. In November 2020, GenSci in-licensed China rights to ready-to-use subcutaneous depot formulations for a prostate cancer therapy from Taiwan's Foresee Pharma. More details....

Stock Symbol: (SHZ: 000661)

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