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Hightide Therapeutics Raises $107 Million In Series C/C+ Financing To Advance Innovative Pipeline And Business Collaborations

PRIVATEJan 05, 2023

Amount Raised

$107 Million

Round Type

Series C

BiotechnologyHealth CareTherapeuticsPharmaceuticalBiopharma

Investors

Yuthai FundChina Development Bank CapitalTcm Healthcare Fund Of Guangdong

Description

HighTide Therapeutics Inc. ("HighTide"), a globally integrated clinical-stage biopharmaceutical company developing novel multifunctional therapies for metabolic and digestive diseases, today announced the closing of a $107 million Series C/C+ financing led by the TCM Healthcare Fund of Guangdong, managed by China Development Bank Capital. Other investors included Yuexiu Fund and Yuthai Fund.

Quick answer

HighTide Therapeutics raised $107 Million in a Series C round, dated January 5, 2023. Investors: Yuthai Fund, China Development Bank Capital and Tcm Healthcare Fund Of Guangdong.

How much did HighTide Therapeutics raise?
HighTide Therapeutics raised $107 Million in a Series C round on January 5, 2023.
Who invested in HighTide Therapeutics?
Yuthai Fund, China Development Bank Capital and Tcm Healthcare Fund Of Guangdong are named as investors in this round.
What does HighTide Therapeutics do?
HighTide is a globally integrated clinical-stage biopharmaceutical company focusing on the discovery and development of novel multifunctional therapies for metabolic and digestive diseases with significant unmet medical..

Source: Fundz verified event record.

Who else raised in Therapeutics and Pharmaceutical around the same time

Companies in the same sectors as HighTide Therapeutics that raised within 45 days of this round, from Fundz verified event records.

  • Disc raised $63M (Funding Round) on February 14, 2023.
  • Provention Bio raised $35M on February 13, 2023.
  • CUREMARK LLC raised $1.3M (Seed) on January 30, 2023.
  • Madrigal Pharmaceuticals raised $300M (Funding Round) on December 21, 2022.
  • Parabilis Medicines raised $178M (Series D) on November 21, 2022.
  • Pathos AI raised $20M on February 17, 2023.

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Company Information

Company

HighTide Therapeutics

About

HighTide is a globally integrated clinical-stage biopharmaceutical company focusing on the discovery and development of novel multifunctional therapies for metabolic and digestive diseases with significant unmet medical needs. The company's lead drug candidate, HTD1801, is a first-in-class new molecular entity, currently in clinical development for the treatment of type 2 diabetes (T2DM), nonalcoholic steatohepatitis (NASH), severe hypertriglyceridemia (SHTG), and primary sclerosing cholangitis (PSC). The U.S. Food and Drug Administration (FDA) granted Fast Track designation to HTD1801 for both NASH and PSC, as well as Orphan Drug designation for PSC. In China, HTD1801 has been included in the National Major New Drug Innovation Program. For more information, please visit www.hightidetx.com.

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HighTide Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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