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Xenetic Biosciences announced it raised $489,000 in an initial filing from an offering of $489,000

Oct 13, 2022almost 3 years ago

Amount Raised

$489,000

Round Type

seed

FraminghamBiotechnology

Company Information

Company

Xenetic Biosciences, Inc.

Location

40 SPEEN STREET, SUITE 102

Framingham, Massachusetts, United States

About

Xenetic Biosciences, Inc. (NASDAQ: XBIO) is a biopharmaceutical company focused on progressing XCART, a personalized CAR T platform technology engineered to target patient-specific tumor neoantigens. The Company is initially advancing cell-based therapeutics targeting the unique B-cell receptor on the surface of an individual patient’s malignant tumor cells for the treatment of B-cell lymphomas. XCART has the potential to fuel a robust pipeline of therapeutic assets targeting high-value oncology indications. Additionally, Xenetic is leveraging PolyXen™, its proprietary drug delivery platform, by partnering with biotechnology and pharmaceutical companies. PolyXen™ has demonstrated its ability to improve the half-life and other pharmacological properties of next-generation biologic drugs. The Company has an exclusive license agreement with Takeda Pharmaceuticals Co. Ltd. in the field of coagulation disorders and expects to earn royalty payments under this agreement.

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