On October 8, 2020 Hinova Pharmaceuticals, a Chengdu innovative drug company, reported that it closed a $147 million Series C round (Press release, Hinova Pharmaceuticals, OCT 8, 2020, View Source [SID1234568248]). The company said it would use the proceeds to conduct multi-center clinical trials and commercialize its drug candidates in China and internationally. Founded in 2013, Hinova has built a portfolio of nine drug candidates including HC-1119, a novel androgen receptor antagonist in Phase III trials for metastatic castration-resistant prostate cancer (mCRPC). Its other lead drug targets gout.

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