AskGene Closes USD 20M Series A Financing

AskGene Limited, a Camarillo, CA- and Nanjing, China-based clinical-stage biopharmaceutical company focusing on the discovery and development of innovative biological drugs, closed a USD 20m Series A financing.

Qiming Venture Partners was the lead and TF Capital was the co-investor.

Proceeds from the financing will be used to advance clinical development of its pipeline of innovative therapeutic candidates and the development of SmartKine® cytokine prodrug platform.

AskGene’s Chief Executive Officer Jeff Lu is leading the development of immunotherapies for cancers. Through its SmartKine® platform technology and pipeline programs, the company aims to achieve its objective of modulating the immune system at a disease site with selectivity and precision. ASKB589 is an anti-CLDN 18.2 antibody in phase I/II and ASKG712 is an anti-VEGF anti-ANG2 antagonist peptide fusion molecule.

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