On June 2, 2020 Genor Biopharma reported that $160 million from the likes of Hillhouse Capital and Temasek Holdings to advance its clinical-stage autoimmune and cancer programs, prepare the launch of its most advanced prospects and support early-stage R&D (Press release, Genor Biopharma, JUN 2, 2020, View Source [SID1234560785]).

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The series B financing will also support potential partnerships both at home and abroad, DealStreetAsia reported Monday. Hillhouse led the round, with Temasek, Shanghai-based Haitong Capital, Cavenham PE and CR-CP Life Science Fund also chipping in.

"We are very honored to receive the recognition and support from existing and new investors in this round of financing," said Genor CEO Feng Guo, Ph.D., as quoted by China Money Network. "2020 is a crucial year for Genor Biopharma. We are working for clinical applications of some products in the final development stage, and accelerate the development of innovative drugs in the field of tumor immunotherapy."