On July 30, 2021 Guangzhou Lupeng Pharmaceutical reported that it completed a $35 million pre-B financing led by Temasek (Press release, Guangzhou Lupeng Pharmaceutical, JUL 30, 2021, View Source [SID1234585481]). The company will use the funds for global clinical development of its lead drug, a selective Bcl-2 inhibitor, along with advancing at least four other candidates into clinical trials. Founded in 2018, Lupeng aims to develop global best-in-class therapies. The company develops novel small molecule drugs for cancer, hepatitis B and autoimmune diseases. Lupeng is approved to conduct clinical trials of its lead Bcl-2 inhibitor in China, the US, the UK and Spain for advanced lymphoma indications.

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