On December 17, 2019 KeChow Pharma, a novel drug developer located in Shanghai Zhangjiang High-Tech Park, reported that it completed a $45 million Series C round of financing (Press release, Kechow Pharma, DEC 17, 2019, View Source [SID1234552429]). The company discovers targeted small molecule drugs for cancer that have competitive advantages over existing therapies and co-develops them with partners. KeChow will use the proceeds to support development of HL-085, a novel MAP kinase 1 inhibitor already in trials for malignant melanoma and solid tumors. The round was led by Decheng Capital, with participation from Qiming Venture Partners, Sherpa Capital and Grains Valley Venture Capital

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