28 Nov 2024: Allink Biotherapeutics Raises $42M Series A Financing to Accelerate Global Development of Bispecific Antibody and ADC Pipeline
Allink Biotherapeutics has successfully raised $42 million in a Series A financing round, led by Lanchi Ventures and supported by new investors such as Yuanbio Venture Capital, Legend Capital, and C&D Emerging Industry Equity Investment, along with continued support from existing shareholders Gaorong Ventures and Med-Fine Capital
The company is focused on developing a diverse pipeline of next-generation ADCs and bispecific antibodies targeting oncology and immunology diseases, with plans to achieve key milestones in the coming months
The proceeds from the financing will support the global clinical development of the company’s lead ADC candidates, ALK201 and ALK202, in Phase 1 trials across Australia, the U.S., and China