Matrix, LAV co-lead $62m round in Chinese biotech firm NovoCodex

Matrix, LAV co-lead $62m round in Chinese biotech firm NovoCodex

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NovoCodex Biopharmaceuticals, a subsidiary of Shanghai-listed pharmaceutical major Zhejiang Medicine, has raised 400 million yuan ($62 million) in its Series A round to expedite the development of antibody-drug conjugate (ADC).