HitGen Approved for $97 Million IPO on Shanghai’s STAR Board

HitGen
Published on: Jul 16, 2019
Author: Amy Liu

HitGen, a Chengdu small molecule discovery company, has been approved for a $97 million IPO on Shanghai’s new Science and Technology Innovation Board. HitGen has built a DNA-encoded library that contains nearly 400 billion novel, diverse, drug-like small molecule and macrocyclic compounds. The company is a partnering wonder, having formed more than 60 drug discovery partnerships with a collection of well-known China and global pharmas, including big pharma companies. It has also developed its own portfolio of 20 candidates for various cancer, cardiovascular, inflammatory and metabolic indications.

Source: China Biotoday

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