On March 9, 2020 GenFleet Therapeutics (Shanghai) reported that it has closed a $57 million Series B financing, co-led by CDH Investments and Shenzhen Capital Group (Press release, GenFleet Therapeutics, MAR 9, 2020, View Source [SID1234555328]). Founded in 2017, GenFleet is developing novel large and small therapeutic molecules for oncology and immunology targets. The company says its projects are potential first-in-class therapeutics with technical advantages and large markets. It will use the capital for ex-China development and clinical trials of its existing pipelines, plus expanding its immunology platform, working on new projects and building an industrial base.

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