Jiangsu Vcare Secures Nearly CNY 200 Million in Series C+ Financing
Published Time:
2025-01-22 17:49
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Recently, Jiangsu Vcare Pharmatech Co., Ltd. (Jiangsu Vcare) closed its Series C+ financing round, raising nearly CNY 200 million. The round was jointly invested by Xinghe Venture Capital, Jinlong Investment, SDIC Capital, and Yangtze River Industry Group. The proceeds will accelerate clinical advancement of Jiangsu Vcare’s innovative drug pipelines, strengthen its integrated CRO/CDMO service ecosystem, enhance independent innovation capabilities, and advance strategic initiatives in synthetic biology and green chemistry. This brings Jiangsu Vcare’s total equity financing to over CNY 1 billion, demonstrating sustained capital market confidence.
Dr. Gong Yanchun, Co-founder and CEO, stated: "Jiangsu Vcare has always adhered to the strategic layout of dual-wheel drive and coordinated development of its two core businesses: independent research and development of innovative drugs, and full-industry-chain CRO/CDMO services for pharmaceuticals.Three self-developed drug candidates have now entered confirmatory clinical studies, while our CRO/CDMO business continues rapid expansion with increasingly diversified service models. Our forward-looking strategic planning positions us to further solidify core competitiveness. With strong support from investors , we will break new ground, navigate market cycles, and achieve sustainable high-quality development."
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I. Important Progress in Innovative Drug R&D ① Submitted NDA to US FDA for anti-platelet drug Vicagrel: If approved, it may benefit ~27.6M US patients with coronary heart disease/stroke. ② Completed 1st patient enrollment in China’s Phase II trial for anti-resistant TRK inhibitor VC004: Phase I data showed ORR of 80%-90% in NTRK fusion+ solid tumors and DOR up to 24 months. ③ Completed Phase II enrollment for 2nd-gen selective JAK1 inhibitor VC005 in ankylosing spondylitis: Preliminary blinded analysis showed favorable efficacy/safety. Additionally: VC004 gel approved for clinical trials; VC005 gel initiated China Phase I for atopic dermatitis; Multiple preclinical projects advanced in cardio-cerebrovascular, oncology, and autoimmune fields.
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