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Salubris Biotherapeutics Announces $32 Million Financing To Advance Novel Complex Biologics For Cardiovascular, Oncology, And Neurodegenerative Diseases

Salubris Biotherapeutics Announces $32 Million Financing To Advance Novel Complex Biologics For Cardiovascular, Oncology, And Neurodegenerative Diseases

03/07/22, 12:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svggaithersburg
Money raised
$32 million
Salubris Biotherapeutics, Inc. (SalubrisBio), a clinical-stage biotechnology company dedicated to discovering and developing novel complex biologic therapeutics, today announced it received $32 million in financing from China-based Shenzhen Salubris Pharmaceuticals Co., Ltd. The investment, which was completed in the fourth quarter of 2021, will be used to advance the current pipeline, including continuation of an ongoing Phase 1b clinical trial and initiation of two additional Phase 1b clinical trials in 2022, and to further expand the pipeline through R&D.

Company Info

Company
Salubris Biotherapeutics
Location
gaithersburg, maryland, united states
Additional Info
The company has multiple assets in clinical/preclinical development and additional programs at the discovery stage.