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Iaso Bio Raises Nearly $75 Million In Series C1 Funding

PRIVATEJan 18, 2023

Amount Raised

$75 Million

Round Type

Series C

PleasantonBiotechnologyHealth CareScience And Engineering

Investors

Hongcheng InvestmentHousen Care BrothersNanjing Jiangbei New Area State Owned Asset ManagementShanghai Waigaoqiao Free Trade Zone GroupEfung CapitalShanghai Guoxin Investment & Development

Description

IASO Biotherapeutics (IASO Bio), a clinical-stage biopharmaceutical company engaged in discovering, developing, and manufacturing innovative cell therapies and antibody products, today announced the completion of nearly US $75 million ($500 million RMB) in Series C1 funding. Eleven investment organizations participated in this investment round, including Shanghai Guoxin Investment & Development, Efung Capital, Shanghai Waigaoqiao Free Trade Zone Group, Nanjing Jiangbei New Area State-owned Asset Management, Housen Care Brothers, and Hongcheng Investment. The funding will support research and development of the company's pipeline products, and the commercial launch of its core product Equecabtagene Autoleucel.

Quick answer

Iaso Bio raised $75 Million in a Series C round, dated January 18, 2023. Investors: Hongcheng Investment, Housen Care Brothers, Nanjing Jiangbei New Area State Owned Asset Management, Shanghai Waigaoqiao Free Trade Zone Group, Efung Capital and Shanghai Guoxin Investment & Development. Iaso Bio is based in Pleasanton, California, United States.

How much did Iaso Bio raise?
Iaso Bio raised $75 Million in a Series C round on January 18, 2023.
Who invested in Iaso Bio?
Hongcheng Investment, Housen Care Brothers, Nanjing Jiangbei New Area State Owned Asset Management, Shanghai Waigaoqiao Free Trade Zone Group, Efung Capital and Shanghai Guoxin Investment & Development are named as investors in this round.
What does Iaso Bio do?
IASO Bio is a clinical-stage biopharmaceutical company engaged in the discovery and development of novel cell therapies for oncology and autoimmune diseases.
Where is Iaso Bio based and how big is it?
Iaso Bio is based in Pleasanton, California, United States.

Source: Fundz verified event record.

Who else raised in Science And Engineering and Biotechnology around the same time

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

  • 22nd Century raised $21M (Debt Financing) on March 3, 2023.
  • Aprea Therapeutics raised an undisclosed amount (Funding Round) on February 28, 2023.
  • Sorrento Therapeutics raised $75M (Funding Round) on February 21, 2023.
  • Deka Biosciences, Inc. raised $30M on February 6, 2023.
  • Garuda Therapeutics raised $62M on January 23, 2023.
  • Wheeler Bio raised an undisclosed amount (Funding Round) on January 12, 2023.

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Company Information

Company

Iaso Bio

Location

Pleasanton, California, United States

About

IASO Bio is a clinical-stage biopharmaceutical company engaged in the discovery and development of novel cell therapies for oncology and autoimmune diseases. Leveraging its proprietary fully human antibody discovery platform (IMARS), high-throughput CAR-T drug priority platform, and proprietary manufacturing processes, IASO Bio is developing a rich clinical-stage pipeline of multiple autologous and allogeneic CAR-T and biologics product candidates. This includes a diversified portfolio of 8 novel pipeline products, as well as IASO’s leading asset, CT103A, an innovative anti-BCMA CAR-T cell therapy under pivotal study for relapsed/refractory (R/R) multiple myeloma (RRMM), which was granted Breakthrough Therapeutic Designation by China’s National Medical Products Administration (NMPA) in February 2021. In addition. The company’s in-house developed fully human CD19/CD22 dual-targeted chimeric antigen receptor (CAR)-T cell therapy, has received two IND clearances from NMPA for the treatment of CD19/CD22-positive relapsed/refractory B-cell non-Hodgkin's lymphoma (r/r B-NHL) and relapsed/refractory B-cell acute lymphoblastic leukemia (r/r B-ALL) in July 2021. For more information on IASO Bio, please visit www.iasobio.com.

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