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North America Pharmaceuticals

Amplicore Closes $4M Seed Funding

– Amplicore from Cincinnati develops minimally invasive therapeutic solutions for musculoskeletal diseases.
– The company closed its $4m seed round of funding.
– The round was led by Photon Fund, with participation from Industrial Technology Investment Corporation, Berkeley Catalyst Fund, and SVE Capital.
– The new investment will be used to complete the preclinical development of the company’s two leading products, AM3101 and AM1101, and position itself for the next round of financing.

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North America Pharmaceuticals

Tavotek Biotherapeutics Snares $20M in Series A

– Tavotek Biotherapeutics from Lower Gwynedd, Pennsylvania, has raised over $20M in financing in the preceding two months.
YuanBio Venture Capital led the A1 finance round followed by Oriza Holdings, Ming BioVentures, and New Alliance Capital.
– Series A2 financing was jointly invested by GF Xinde, CTS Capital, and Lanhu Capital.

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North America Pharmaceuticals

Minority Owned Cannabis Company, TheraTrue, Inc., Announces New CEO Victor Mancebo, $50 Million in Funding, and Applies in Georgia and Virginia

– Theratrue, Inc. announced the addition of cannabis industry veteran Victor E. Mancebo as the company’s Chief Executive Officer.
– In addition, Theratrue has received $50m in funding commitments and submitted medical cannabis license applications in Georgia and Virginia.
– These applications mark the first major actions of Theratrue Inc. in the medical cannabis industry.
– Theratrue is committed to using extensive research and cutting-edge technology to provide vertically integrated production facilities designed to safely deliver medical grade cannabis products to patients in Georgia and Virginia.
– Victor E. Mancebo has joined Theratrue Inc. as CEO.
– Mr. Mancebo also serves as President and Chief Operating Officer of Theratrue Georgia LLC and Theratrue Virginia LLC.

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Asia Pharmaceuticals

YishengBio Raises $130 Million in Series B Funding to Accelerate Pipeline Development and Commercialization

– YishengBio announced that it has raised US$130m in Series B funding.
– The round was co-led by Oceanpine and OrbiMed.
– The company’s institutional investors include: OrbiMed, Oceanpine, EightRoad, F-Prime Capital, 3W Capital, Hillhouse Capital, Adjuvant Capital, MSA Capital, AIHC, Epiphron Capital, Superstring Capital, Haitong International, etc.
– The company is engaged in discovering, developing and commercializing innovative biotherapeutics for cancers and infectious diseases using novel PIKA® immunomodulating technology.
– The company operates in China, USA, and Singapore with over 500 employees.
– YSJA™ rabies vaccine is the first alum-free lyophilized rabies vaccine launched in China.

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North America Pharmaceuticals

Teon Therapeutics Completes $30 Million Series A Financing

– Teon Therapeutics completed a $30m Series A financing.
– The financing was led by Oceanpine Capital with participation from additional new investors Oriza Ventures, Lifespan Investments, and former Gilead senior executives.
– All existing investors also participated in the financing round including Northern Light Venture Capital, Kaitai Capital and Oriental Fortune Capital.
– The funds will be used to advance the company’s lead A2BR-selective antagonist TT-702 into the clinic as well as to build the company’s pipeline.

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