China's Elpiscience Biopharma bags $105m in Series C round

China's Elpiscience Biopharma bags $105m in Series C round

Photo: Getty Images Pro via DealStreetAsia

Shanghai-based clinical stage innovative drug maker Elpiscience Biopharma has received a corpus of $105 million in a Series C round of financing led by the Greater Bay Area Homeland Development Fund — a state-backed, $14.8 billion industry fund launched in 2018 to support high-tech industries in the Guangdong-Hong Kong-Macao Greater Bay Area.