Xenetic Biosciences, Inc. announced it raised $12.5 Million in an initial filing from an offering of $12.5 Million
Xenetic Biosciences, Inc. announced it raised $12.5 Million in an initial filing from an offering of $12.5 Million
08/03/21, 7:34 PM
Location
framingham
Money raised
$12.5 million
Industry
biotechnology
Company Info
Location
40 speen street, suite 102
framingham, massachusetts, united states
Additional Info
Xenetic Biosciences, Inc. (NASDAQ: XBIO) is a biopharmaceutical company focused on progressing XCART, a personalized CAR T platform technology engineered to target patient-specific tumor neoantigens. The Company is initially advancing cell-based therapeutics targeting the unique B-cell receptor on the surface of an individual patient’s malignant tumor cells for the treatment of B-cell lymphomas. XCART has the potential to fuel a robust pipeline of therapeutic assets targeting high-value oncology indications.
Additionally, Xenetic is leveraging PolyXen™, its proprietary drug delivery platform, by partnering with biotechnology and pharmaceutical companies. PolyXen™ has demonstrated its ability to improve the half-life and other pharmacological properties of next-generation biologic drugs. The Company has an exclusive license agreement with Takeda Pharmaceuticals Co. Ltd. in the field of coagulation disorders and expects to earn royalty payments under this agreement.