Beijing’s Allink secures $42 million in series A
Allink Biotherapeutics, a Chinese start-up focused on bispecific antibody and antibody-drug conjugates (ADC), has raised $42 million in a financing round led by Lanchi Ventures.
Additional backing came from Yuanbio Venture Capital, Legend Capital, C&D Emerging Industry Equity Investment, Gaorong Ventures, and Med-Fine Capital.
Founded in 2023, AllinkBio has its own platform and is working on innovative treatments for cancer and immunology diseases. The money will be used to help develop lead candidates ALK201 and ALK202, as they progress through Phase I studies in Australia, the USA, and China.
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