Hua Medicine Lands $50 Million in a Series C Funding

Shanghai's Hua Medicine has closed a $50 million Series C funding round led by Harvest Investments of China. Hua's leading program is a 4th-generation glucokinase activator (GKA) for Type 2 diabetes that will finish China Phase II trials by mid-year and announce top-line results before the end of 2016. Hua, which describes itself as focused on first-in-class and best-in-class therapies for China and the global market, said the C round drew high levels of interest and was more than 3X-oversubscribed. More details.... Share this with colleagues: // //