LaNova Medicines secures $41 million in series C round

18 October 2024

LaNova Medicines, a Shanghai-based biopharma company, has announced that it has secured 3 billion yuan ($41 million) in its series C funding round.

The financing was led by China Biopharmaceuticals, with participation from Pudong Venture Capital, Zhangjiang Haoheng, and returning investors Qiming Venture Partners and Shanghai Biomedical Fund.

The company plans to use the funds to advance its clinical pipeline, particularly its lead assets LM-302 and LM-108, and to expand its innovative discovery platforms.

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