Shanghai-based biotech firm Hexaell Biotech has secured 200 million renminbi ($31 million) in a series B+ funding round. The investment was led by Shanghai Biomedical Fund, with continued support from existing backer Longpan Investment and participation from Guanghua Wutong.
The funds will accelerate clinical research and commercial production of the company's flagship product, HepaCure, and advance its pipeline of liver disease candidates.
Established in 2015, the firm focuses on cell therapy and regenerative medicine for liver diseases. Its core technology enables direct conversion of somatic cells into hepatocyte-like cells.
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