MediLink Therapeutics closes US$70M Series A Financing

MediLink Therapeutics (Suzhou) Co., Ltd., an internationally competitive company that develops conjugated drugs in China and builds a proprietary ADC technology platform, has completed a US$70m Series B funding.

This round was led by LYFE Capital and Qiming Venture Partners, and co-invested by Legend Capital, Loyal Valley Capital and Highlight Capital (HLC), etc.

The new funding will support clinical development of the company’s new generation Antibody-Drug Conjugate (ADC) pipeline, as well as early discovery and development of novel conjugated drugs.

Established in 2020 by Dr. Tongtong Xue, CEO, MediLink focuses clinical drug development on unmet clinical needs, while establishing close collaborations with potential international partners. The company currently has several patents and inventions in ADC linker/payload technologies. First program will start Phase I clinical trial in both China and the United States this year. In addition, the company has established collaboration with several partners using MediLink’s proprietary technology platform.

 

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