Leading Tac secures $14 million for IRAK4 degraders

21 November 2024

Shanghai-based Leading Tac Pharma has announced the successful completion of a series A financing round, raising over 100 million yuan ($14 million).

The investment was led by Beijing Longpan Venture Capital, with participation from Tianrui Fengnian and existing backer Zhangjiang Hi-Tech.

The funds will support the clinical development of Leading Tac’s IRAK4 degrader, LT-002, along with advancing other autoimmune and oncology pipelines and expanding its research facilities and teams.

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