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Chinese Radiopharma Developers Continue Fundraising Spree

 
• By Dexter Jie Yan

Reflecting global interest in the field, Chinese radiopharma specialists PharmadaX Genesis, LNC Biotechnology and SmartNuclide have been on a winning streak to secure venture capital funding. Separately, Impact and Arnatar raised around $50m each in their latest venture capital- and private equity-backed fundraisings.

funding
Three Chinese radiopharmaceutical ventures close major funding rounds within past month • Source: Shutterstock

Perhaps reflecting recent global big pharma interest in the sector, Chinese biotechs focused on radiopharmaceuticals have been extending their fundraising spree since March, with three major financing deals closed just within the last month or so.

Jiaxing-based PharmadaX Genesis has become the latest of the specialists to scoop up fresh capital. On 11 May, the bioventure announced the first close of a series A funding worth roughly CNY100m ($14m), led by Cloudview Capital

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