Teligene selects investors for $93m round

Feb 25, 2021 • Jordan Williams

The Suzhong Pharma and China Construction Bank-backed cancer drug developer is gearing up for an initial public offering after securing a new capital injection.

Teligene, a China-based small-molecule oncology therapeutics developer backed by pharmaceutical manufacturer Suzhong Pharma and financial services firm China Construction Bank, has raised RMB600m ($93m) in pre-IPO funding, DealStreetAsia reported yesterday.

Healthcare investor GTJA Investment Group also took part in the round, which followed an undisclosed amount of series B funding from Suzhong Pharma, China Construction Bank’s CCB Capital unit, GTJA, IDG Capital, Shenzhen Capital, Loyal Valley Capital and Huitianfu Capital in 2018.

Founded in 2011, Teligene is developing small-molecule drugs…

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