Abbisko hoovers up USD 70m in Series C, led by Temasek



Shanghai-based biotech Abbisko Therapeutics Co., Ltd announced completion of a Series C financial round at USD 70 million. The round was led by Temasek, with contributions from Qiming Venture Partners, Jianxin Capital, Government of Singapore Investment Corporation (GIC), Lilly Asia Ventures, CICC Capital, and Loyal Valley Innovation Capital, all existing partners. As GBI reported, Abbisko nailed US 42 million via the Series B one year ago.

Abbisko is an emerging novel drug research and development biotech founded in 2016 in Zhang Jiang High-Tech Park. The firm will use finance round proceeds to advance four drug candidates in clinical development, and push forward multiple pre-clinical candidates.

ABSK021 and ABSK011, both in-house developed small-molecule anti-cancer drugs, have obtained clinical trial approvals in the US, mainland China, and Taiwan. Abbisko has also in-licensed cancer drug candidates under Phase II/III clinical development from AstraZeneca and X4Pharmaceuticals.

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