Kymab Keeps Cash Coming In With $100m Led By Chinese Investors

UK biotech Kymab and its Kymouse platform has added $100m to its cash pile with a Series C financing led by Chinese investors. It plans to enter the clinic next year with its first antibody therapeutic for graft-versus-host disease (GvHD).

Kymab Ltd. has raised $100 million in a Series C financing led by new investors ORI Healthcare Fund L.P. and including Shenzhen Hepalink Pharmaceutical Co. Ltd. both of China. Existing shareholders Wellcome Trust, Bill & Melinda Gates Foundation, Malin Corporation plc, CF Woodford Equity Income Fund and Woodford Patient Capital plc also participated.

CEO David Chiswell told Scrip the company planned to have five programs in clinical testing by 2019 with a pipeline...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

More from Business

More from Scrip