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

 
• By Sukaina Virji

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.

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