Novamab

Shanghai, China · Founded 2017 · $84.8M raised

Headquarters
Shanghai
Employees
51–200
Founded
2017
Business Model
B2B
Total Funding
$84.8M
Last Round
$31.6M Series BApr 2024
Rounds
3

About

NovaMab (Shanghai Novamab Biopharmaceuticals Co., Ltd.) is a clinical-stage biotech company founded in 2017 and headquartered in the Shanghai International Medical Park, Pudong New Area, Shanghai, China. The company is dedicated to creating life-changing therapies through innovative VHH (single domain antibody) technology, with a highly differentiated pipeline targeting high-potential markets including asthma, chronic obstructive pulmonary disease (COPD), and inflammatory bowel disease (IBD). NovaMab's most advanced program, an inhaled IL-4R VHH antibody (LQ036), has progressed to Phase IIb clinical trials, while its inhaled TSLP VHH (LQ043H) is entering Phase IB studies. The company operates a 500L GMP workshop for VHH antibody production using Pichia pastoris, holds over 100 patents, and has been recognized among China's top 50 innovative biopharmaceutical enterprises.

Summary

Novamab is a Biotech company based in Shanghai, China, founded in 2017. It has raised $84.8M in total across 3 rounds, most recently a $31.6M Series B round in Apr 2024. Investors include Qiming VP, Huangpu Biomedical Fund and Jiuyu Investment.

Funding History

Series BSeries BApr 2024
$31.6M

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Series A through Series B — per-round amounts, valuations, and who invested in each round.

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