On March 26, 2020 Asieris Pharma, located in Taizhou’s China Medical City, reported that it has raised $14 million in a C round to advance its genito-urinary tumor treatments (Press release, Asieris Pharmaceuticals, MAR 26, 2020, View Source [SID1234555896]). Its lead candidate, a novel treatment for non-muscular invasive bladder cancer, has completed China Phase III trials and a US Phase I trial. Unlike other treatments for the condition, usually bladder resection, APL-1202 is convenient, painless and does not cause damage to the urethra. A repurposed oral inhibitor of MetAP2, APL-1202 is a 50-year-old wide spectrum antibiotic that had been shown to have an anti-angiogenesis effect.

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