Minghui Pharmaceutical

Shanghai, China · Founded 2018 · $131.0M raised

Headquarters
Shanghai
Employees
11–50
Founded
2018
Business Model
B2B
Total Funding
$131.0M
Last Round
$131.0M Venture RoundAug 2025
Rounds
1

About

Minghui Pharmaceutical is a Shanghai-based, late-stage clinical biopharmaceutical company developing innovative medicines for oncology and immunology. Its pipeline includes a topical JAK inhibitor under NDA review in China, a subcutaneous IGF-1R antibody in Phase 3 trials for thyroid eye disease, and a PD-1/VEGF bispecific antibody in Phase 2 trials. The company raised $131M in Pre-IPO financing in 2025 led by OrbiMed and Qiming Venture Partners.

Summary

Minghui Pharmaceutical is a Biotech company based in Shanghai, China, founded in 2018. It has raised $131.0M in total across 1 round, most recently a $131.0M Venture Round round in Aug 2025. Investors include OrbiMed, Qiming VP and TF Capital.

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