Returning Chinese scientists complete series A round to fund ambitious development plan
Biotech startup Clover Biopharmaceuticals has completed a 62.8 million renminbi ($9.5 million) series A financing round aimed at launching two compounds into human clinical trials next year.
Founded in 2016 by scientists returning to the country selected under the “ National Thousand Talents Program,” Clover focuses on oncology and autoimmune diseases and is based in Chengdu, the capital of southwestern China's Sichuan province.
The company, which has three candidates in its pipeline, is hoping to use its proprietary ‘Trimer-Tag’ technology to create ‘trimerized fusion proteins’ that can target previously undruggable pathways.
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