LTZ bags $40 million as it sends first myeloid engager into clinic
Chinese biotech LTZ Therapeutics has closed an oversubscribed series A+ financing round, raising $40 million to support its push into early-stage clinical development.
The new funding will primarily be used to advance a Phase I trial of the company’s lead candidate, LTZ-301, a first-in-class myeloid engager immunotherapy for relapsed or refractory non-Hodgkin lymphoma. The trial is set to begin in the second quarter of 2025, following clearance from the US Food and Drug Administration in February.
The financing round, reported by Chinese media, brings LTZ’s total capital raised to $90 million since its launch in 2022, and follows an earlier $20 million series A completed in mid-2024.
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