Sanyou Biopharmaceuticals Co., Ltd. announced that it has closed the Series B+ financing round of tens of millions of RMB. In this round of financing led by Zijin Hongyun Fund and Huatai Guoxin Fund under Huatai Zijin, Sanyou also received follow-on investment from the existing shareholder LH Ventures and investment from Qianhai Beizeng Asset Management and Mr. Guohai Xia.
The funds are under budget to strengthen the construction of the integrated innovative antibody drug R&D platform, consolidate the advantages of the super-trillion innovative antibody drug discovery platform, drive the launch of the intelligent innovative antibody drug discovery platform, complete the construction of the Phase II R&D center, and speed up the development of international business.
Previously, Sanyou closed Series A and Series B financing rounds in May 2020 and June 2021, respectively. Successive investments from financing institutions fully verify Sanyou’s innovation capability, platform development prospects and entrepreneur team. Investors in this round are very optimistic about the integrated innovative antibody drug R&D platform, the super-trillion innovative antibody drug discovery platform, and the intelligent innovative antibody drug discovery platform of Sanyou, and expect Sanyou’s further breakthroughs in technological innovations. The new investors will accelerate the pace of Sanyou stepping into the capital market, which is of great significance to the company’s development.
The R&D site has expanded from about 100 square meters to about 20,000 square meters, accommodating well-equipped R&D centers and pilot production plant for innovative antibody drugs. Sanyou has built industry-leading Super-Trillion Antibody Libraries (STAL) that seamlessly integrates the “super-trillion phage display antibody library” and “high-throughput mammalian cell expression technology”