BD Gene Therapeutics nets tens of millions of yuan in Pre-A round

Shanghai-based BD Gene Therapeutics recently announced that it has completed a 10 million yuan-level Pre-A round of financing with an exclusive investment from Keytone Ventures. Proceeds from the financing round will be used to advance the clinical pipeline related to BDmRNA and BDlenti, the core technology platform of BD Gene Therapeutics.

Shanghai-based BD Gene Therapeutics recently announced that it has completed a 10 million yuan-level Pre-A round of financing with an exclusive investment from Keytone Ventures. Proceeds from the financing round will be used to advance the clinical pipeline related to BDmRNA and BDlenti, the core technology platform of BD Gene Therapeutics.

BD Gene Therapeutics was founded in 2018 by frontline gene therapy researchers at Shanghai Jiao Tong University in cooperation with pharmacotoxicologists and industry experts, The company is a gene therapy innovation drug development company.

BD Gene Therapeutics has an mRNA delivery and gene editing platform, fourth-generation lentiviral vector platform and oncolytic virus platform, which are mainly used to treat diabetic macular degeneration, wet age-related macular degeneration (wAMD), genetic diseases of the hematopoietic system, among others.

At present, BD Gene Therapeutics has formed a complete core team from project development, preclinical, CMC to regulatory filing; and a 600-square-metre standard new drug process development center will soon be completed.

According to Lai Zhigang, a partner at Keytone Ventures, said: “The team at BD Gene Therapeutics has world-leading technologies, especially its two core technology platforms of lentiviral vector and novel mRNA delivery. We believe that the company can expand the range of indications for gene therapy through its own technological innovation.”

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/24/bd-gene-therapeutics-nets-tens-of-millions-of-yuan-in-pre-a-round/.

Leave a Reply

Please Login to Comment