Last deal

$123M

Amount

Series D

Stage

07.01.2021

Date

3

all rounds

$263M

Total amount

date founded

Financing round

General

About Company
Abbisko Therapeutics develops small molecule drugs for cancer and other diseases.

Industry

Sector :

Subsector :

Also Known As

上海和誉生物医药科技有限公司, 和誉生物

founded date

01.04.2016

Number of employees

Company Type

For Profit

Last funding type

Series D

IPO status

Private

Description

The company, based in Shanghai, China, has a pipeline of three preclinical candidates targeting immunomodulatory pathways. While the specific mechanisms of action for these molecules have not been disclosed, Abbisko Therapeutics is potentially advancing a STING/TLR activator, IDO/CSF1R inhibitor, and TGF agonist. Collaborating with top contract research organizations (CROs) and clinical contract organizations in the area, the company conducts research and development at its integrated center in the Shanghai Zhangjiang Hi-Tech Park. In addition to cancer, Abbisko Therapeutics aims to expand its focus to liver disease, viral infections, and mental disease in the future. Founded in 2016 by experienced drug hunters, the company is dedicated to innovative drug research and development.
Contacts
Similar Companies
1000
Indalo Therapeutics

Indalo Therapeutics

Indalo Therapeutics is a biotechnology company developing a drug for fibrotic diseases.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Location

St. Louis, MO, USA

total rounds

3

total raised

$9.8M
Laekna Therapeutics

Laekna Therapeutics

Laekna Therapeutics develops innovative therapies for cancer and liver diseases.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Keywords

Biotechnology, Health Care, Therapeutics

Location

Shanghai, China

total rounds

4

total raised

$168M
AmbAgon Therapeutics

AmbAgon Therapeutics

AmbAgon Therapeutics develops cancer molecule therapeutics.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Location

San Francisco, CA, USA

total rounds

3

total raised

$137.2M
Pathios Therapeutics

Pathios Therapeutics

Pathios Therapeutics is a biotech company developing therapies for autoimmune diseases and cancer.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Keywords

Biotechnology, Health Care, Therapeutics

Location

Oxford, UK

total rounds

3

total raised

$38.89M

Financials

Funding Rounds
4
3

Number of Funding Rounds

$263M

Money Raised

Their latest funding was raised on 07.01.2021. Their latest investor Jianxin Capital. Their latest round Series D

Date 
Funding Round 
Investors 
Money Raised 
Lead 
07.01.2021
11
$123M
25.03.2020
1
$70M
21.03.2019
$42M
The Carlyle Group

The Carlyle Group

The Carlyle Group is a global investment firm in private equity.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Location

Washington Cir NW, Washington, DC, USA

total rounds

2

total raised

$2.5B

count Of Investments

284

count Of Exists

101
Co-Investors
Investors
12
1

Number of lead investors

12

Number of investors

Investor 
Lead 
Round 
Partners 
Jianxin Capital

Jianxin Capital

Jianxin Capital is a healthcare industry risk investment fund.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Location

Shanghai, China

count Of Investments

17

Greater Bay Area Homeland Development Fund

China's Greater Bay Area Homeland Development Fund has attracted participation from various groups in the country's business community.

Sector

Investment Banking and Brokerage Services

Subsector

Investment Services

Keywords

Communities, Non-Profit

Location

Hong Kong Island, Hong Kong

count Of Investments

33

count Of Exists

1
Qiming Venture Partners

Qiming Venture Partners

Qiming Venture Partners is a leading China-based venture capital firm that invests in technology, consumer, and healthcare companies.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Venture Capital, Financial Services, Finance

Location

Shanghai, China

count Of Investments

891

count Of Exists

28
William Hu

William Hu

William Hu is a managing partner of Qiming Venture Partners. William co-leads Qiming’s practice in healthcare sector and has been closely involved with more than 20 new ventures, some of which have become public or billion dollar market cap companies. On behalf of Qiming, he invested in Tigermed, Tellgen, AmoyDx, Rendu Bio, ET Healthcare, Vinno Medical, APT Medical, Sanyou Orthopedic, Canbridge, Ark Bio, Arrail Dental, JHT Clinics, WeDoctor, Medsci Clinical, and etc. Formerly, William served as a strategy consultant at IBM BCS, and Marketing & Sales management at several pharmaceutical companies. William holds Bachelor of Medicine from Shanghai Medical University and MBA from ENPC SH Campus.

current job

Qiming Venture Partners
Qiming Venture Partners

People

Founders
3
Yao-Chang Xu
Yao-Chang Xu

Yao-Chang Xu

Dr. Yao-Chang Xu has more than 25 years of drug discovery and development experience in top pharmaceutical companies. Prior to founding Abbisko, Dr. Yao served as the General Manager of Hansoh Pharmaceutical Company. Serving as the first R&D head, he built a strong R&D team from blank and was responsible for overseeing all drug discovery programs. He successfully guided 10+ innovative programs from discovery to clinical development, spanning oncology, virology, CNS and other diseases. Prior to Hansoh, Dr. Yao served as Executive Director and Head of Chemistry at Novartis China, and Director of Chemistry at Eli Lilly in Indiana, USA. Dr. Yao obtained his Ph.D. from the University of Chicago and B.S. form Nanjing University. He is a member of the America Chemistry Society, Medicinal Chemistry, and Organic chemistry. He has published more than 50 international patents and numerous papers in peer-reviewed journals. He served as the reviewers many journals including J. Org. Chem., Org. Lett., JACS, Medicinal Chem., and Tetrahedron Lett. etc.Dr. Yao is a member of the China “Thousand Talent Program”.

current job

Abbisko Therapeutics
Abbisko Therapeutics

Yao-Chang Xu

Zhui Chen
Zhui Chen

Zhui Chen

Dr. Zhui Chen is a seasoned biologist and drug hunter with more than 10 years of drug discovery and development experience in top biopharmaceutical companies. He has participated in multiple programs from early discovery to translational research and clinical development, including the FDA-approved Bcl-2 inhibitor Venetoclax (ABT-199). Before co-founding Abbisko, Dr. Chen served as the Head of liver cancer discovery and translational research and later lung cancer discovery at Johnson & Johnson China R&D. Prior to that, he was an Investigator of epigenetic drug discovery and leader of oncology translational research at Novartis China and Senior Scientist at Abbott Lab, USA. Dr. Chen started his undergraduate study at Peking University and obtained B.S. degree from the University of Texas at Austin. He obtained his Ph.D. in Biochemistry from Duke University and then conducted his postdoctoral research at the University Of Texas Southwestern Medical Center.

current job

Abbisko Therapeutics
Abbisko Therapeutics

Zhui Chen

Hongping Yu
Hongping Yu

Hongping Yu

Dr. Hongping Yu has worked in drug discovery and development in large pharmaceutical companies for over 15 years. He has successfully delivered more than a dozen of preclinical candidates across a wide range of therapeutic areas with many advanced into clinical development. Prior to co-founding Abbisko, Dr. Yu served as the first head of chemistry at Hansoh Pharmaceutical Company, built up the chemistry team, and led the discovery of multiple drug candidates including next generation inhibitors of EGFR, FXR, NS5A/B and others. In previous positions, Dr. Yu worked as senior investigator at Novartis and research chemists at Merck. Dr. Yu obtained his Ph.D. in organic chemistry from the University of British Columbia and B.S. & M.S. from Tsinghua University. He is a member of the China “Thousand Talent Program”.

current job

Abbisko Therapeutics
Abbisko Therapeutics

Hongping Yu

Employee Profiles
3
Zhui Chen

Zhui Chen

Senior Vice President

Hongping Yu

Hongping Yu

Sr. VP

Yao-Chang Xu

Yao-Chang Xu

CEO

Activity

Recent News
6
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

month