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Shengshi Taikang Announces Completion of Nearly 100 Million RMB in Series A Funding on "Double 12"
On December 12, Shengshi Taikang Biopharmaceutical Technology (Suzhou) Co., Ltd. announced at its financing press conference that it has successfully closed a nearly 100-million-RMB Series A funding round. The round was co-led by Yipu Capital and Tongren Boda, with participation from Qianrong Capital and Yida Capital. Shengshi Taikang plans to allocate the new funds toward clinical trials for two key products, including an innovative Class 1 drug, while also expanding its R&D and regulatory teams. Additionally, the company aims to further diversify its product pipeline and accelerate the advancement of upcoming new drug projects into clinical stages. Zhang Dongchi, Director of Suzhou Science and Technology Bureau, attended the event and witnessed the milestone.
Time:2017-12-12 08:39
Shengshi Taikang's Class 1 innovative drug, phosphate senglitagliptin, enters Phase I clinical trials.
China is a global leader in diabetes, currently home to over 100 million people living with the condition. In May 2017, Shengshi Taikang Biopharmaceutical Technology (Suzhou) Co., Ltd. received approval from the National Medical Products Administration to initiate clinical trials for its Class 1 innovative drug, phosphate sengliflozin, intended for the treatment of type 2 diabetes. Currently, Shengshi Taikang has partnered with institutions such as Jiangsu Provincial People’s Hospital to conduct Phase I clinical trials of phosphate sengliflozin. As a DPP-4 inhibitor, this drug stands out for its ability to avoid hypoglycemia and weight gain, while also offering cardiovascular protection. Moreover, given that Chinese patients with type 2 diabetes often experience more severe damage to their pancreatic beta cells compared to those in Europe and North America—yet another reason why DPP-4 inhibitors, which help restore beta-cell function, are particularly beneficial for Chinese patients—these medications are increasingly gaining recognition among physicians in China.
Time:2017-09-15 08:39