BioCentury
ARTICLE | Financial News

Asieris raises series B round

December 29, 2017 6:39 PM UTC

Asieris Pharmaceuticals Co. Ltd. (Taizhou, China) said it raised RMB110-RMB120 million ($16.8-$18.3 million) in a series B round led by Lapam Capital. Fellow new investors Kaitai Capital and Zhongguancun Qihang Industry Fund also participated, as did existing investor Phoenix Fund. The company expects a final figure next month. Asieris said the over-booked round should fund operations for about 18 months.

In 2018, Asieris plans to begin a U.S. Phase II trial of lead candidate APL-1202 to treat non-muscle invasive bladder cancer (NMIBC). Data from an ongoing Chinese Phase III trial to treat relapsed NMIBC are expected by year end 2018...