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Hightide Therapeutics Raises $107 Million In Series C/C+ Financing To Advance Innovative Pipeline And Business Collaborations

Hightide Therapeutics Raises $107 Million In Series C/C+ Financing To Advance Innovative Pipeline And Business Collaborations

01/05/23, 10:05 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CN.svgshenzhen
Money raised
$107 million
Industry
biopharma
therapeutics
pharmaceutical
biotechnology
health care
Round Type
series c
Investors
Yuthai Fund, China Development Bank Capital, Tcm Healthcare Fund Of Guangdong
HighTide Therapeutics Inc. ("HighTide"), a globally integrated clinical-stage biopharmaceutical company developing novel multifunctional therapies for metabolic and digestive diseases, today announced the closing of a $107 million Series C/C+ financing led by the TCM Healthcare Fund of Guangdong, managed by China Development Bank Capital. Other investors included Yuexiu Fund and Yuthai Fund.

Company Info

Company
HighTide Therapeutics
Location
shenzhen, guangdong province, china
Additional Info
HighTide is a globally integrated clinical-stage biopharmaceutical company focusing on the discovery and development of novel multifunctional therapies for metabolic and digestive diseases with significant unmet medical needs. The company's lead drug candidate, HTD1801, is a first-in-class new molecular entity, currently in clinical development for the treatment of type 2 diabetes (T2DM), nonalcoholic steatohepatitis (NASH), severe hypertriglyceridemia (SHTG), and primary sclerosing cholangitis (PSC). The U.S. Food and Drug Administration (FDA) granted Fast Track designation to HTD1801 for both NASH and PSC, as well as Orphan Drug designation for PSC. In China, HTD1801 has been included in the National Major New Drug Innovation Program. For more information, please visit www.hightidetx.com.

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