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Chinese Nucleic Acid Drug Developers Dominate October VC/PE Funding

 
• By Dexter Jie Yan

Sirius Therapeutics’ $60m series B signified venture capital firms’ reviving interest in Chinese developers of nucleic acid drugs. Meanwhile, Angitia Biopharmaceuticals’ $46m series B extension round underscored investors’ attention to the musculoskeletal diseases area.

FUNDING word written on wood block
Venture capital, private equity investors showed renewed interest in October in nucleic acid modalities. • Source: Shutterstock

Venture capital and private equity investors showed revived interest in October in Chinese biotechs focused on nucleic acid modalities, as the total funding secured by such start-ups eclipsed that raised by companies pursuing other models.

Among four nucleic acid specialists, Sirius Therapeutics emerged as the apparent leader by size of VC financing. It announced on 9 October the closing of a $60m series B round led by Hankang Capital and Delos Capital

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