$40 million investment for Chinese drug developer
British life sciences investor Medicxi is betting $40 million on a Shanghai-based company, D3 Bio, working in the areas of oncology and immunology.
The company is focused on discovery, development and registration of innovative medicines.
D3 Bio has built a pipeline of multiple oncology assets which it believes all have the potential to become first-in-class or best-in-class treatments.
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