{"id":16413,"date":"2023-02-27T17:00:00","date_gmt":"2023-02-27T17:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4025214_CN25214_0"},"modified":"2023-02-27T17:00:00","modified_gmt":"2023-02-27T17:00:00","slug":"eluminex-biosciences-closes-40-million-series-b-financing-to-continue-the-development-of-innovative-ophthalmic-assets-and-recombinant-human-collagen-technology","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=16413","title":{"rendered":"Eluminex Biosciences Closes $40+ Million Series B Financing to Continue the Development of Innovative Ophthalmic Assets and Recombinant Human Collagen Technology"},"content":{"rendered":"<p><span class=\"legendSpanClass\">SUZHOU, <span class=\"xn-location\">China<\/span> and <span class=\"xn-location\">SAN FRANCISCO<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 28, 2023<\/span><\/span> \/PRNewswire\/ &#8212;&nbsp;Eluminex Biosciences (Suzhou) Limited (Eluminex) officially announced today the closing of a Series B financing of over <span class=\"xn-money\">$40 million<\/span> (USD). Financing was led by Cenova Capital with additional participation from Guangzhou Yuexiu Industrial Investment Fund Management, 3E Bioventures Capital, Oriza Holdings, and Series A investors.<\/p>\n<p>Eluminex is a clinical-stage biotechnology company dedicated to the research and development of global innovative therapeutics with a major focus in ophthalmology and recombinant human collagen technology. Its headquarters and research and development center are located in BioBAY of Suzhou Industrial Park, <span class=\"xn-location\">China<\/span>, with a clinical and registration center located in <span class=\"xn-location\">South San Francisco, California<\/span>.<\/p>\n<p>Dr. <span class=\"xn-person\">Jinzhong Zhang<\/span>, Founder, Chairman and CEO of Eluminex, said: &#8220;We have made substantial pipeline progress since our <span class=\"xn-money\">$50 million<\/span> Series A closure in <span class=\"xn-chron\">November 2020<\/span>, which was co-led by Lilly Asia Ventures, Hillhouse Capital, and Quan Capital. With the Series B raise, the Company will use the proceeds to further mature our innovative ophthalmic pipeline as well as the recombinant human collagen technology platform to meet the needs of patients in <span class=\"xn-location\">China<\/span> and globally. We are grateful to the four well-known institutional investors and current shareholders for their recognition and support of Eluminex.&#8221;<\/p>\n<p>Eluminex&#8217;s pipeline programs include novel multi-targeted antibody molecules for vision-threatening retinal diseases, an oral small molecule for rare inherited pediatric retinal dystrophies, and the clinical development and manufacturing of recombinant human collagen-based products with the potential to be world&#8217;s first biosynthetic cornea for the treatment of corneal stromal blinding diseases. The Company is currently building a GMP facility in BioBAY of Suzhou Industrial Park for the manufacturing of the recombinant human collagen biosynthetic cornea and other collagen-based products and is expected to operate in mid-2023.<\/p>\n<p><b>About Eluminex Biosciences (Suzhou) Limited<\/b><\/p>\n<p>Founded in <span class=\"xn-chron\">February 2020<\/span>, Eluminex Biosciences (Suzhou) Limited is a global biotechnology company focusing on ophthalmic diseases and recombinant human collagen technology. The company&#8217;s headquarters and research and development center are located in BioBAY of Suzhou Industrial Park, with a US-campus based in <span class=\"xn-location\">South San Francisco, California<\/span>. For more information, visit <a href=\"http:\/\/www.eluminexbio.com\/\" target=\"_blank\" rel=\"nofollow noopener\">www.eluminexbio.com<\/a>.<\/p>\n<p><b>About Cenova Capital<\/b><\/p>\n<p>Headquartered in <span class=\"xn-location\">Shanghai<\/span>, Cenova Capital is one of the earliest healthcare funds dedicated to early and growth-stage investments in the life sciences and healthcare sectors in <span class=\"xn-location\">China<\/span>. Since inception in 2010, Cenova now has 7 funds under management with investments in healthcare services, pharmaceuticals, medical devices and digital health. Cenova&#8217;s investors are mainly large domestic and international institutional investors including Asian sovereign wealth funds, government institutions, insurance and financial institutions and multinational companies.<\/p>\n<p><b>About 3E Bioventures Capital<\/b><\/p>\n<p>3E Bioventures Capital is dedicated to investing in cutting-edge life sciences and biomedical technologies, with a focus on breakthrough first-in-class therapies and disruptive cross-disciplinary innovations in medical devices and diagnostics. 3E Bioventures takes on a science-driven, entrepreneur-friendly investment philosophy by working closely with companies and research institutions to develop drugs or products that have strong unmet medical needs. With offices in <span class=\"xn-location\">Beijing<\/span>, <span class=\"xn-location\">Shanghai<\/span>, and the <span class=\"xn-location\">San Francisco Bay Area<\/span>, 3E Bioventures leverages its experience, capabilities, and network to help companies tap into markets and resources across the Pacific and advance with greater speed and capital efficiency. The motto of 3E Bioventures Capital is captured in its name 3E: Expertise, Efficiency, Execution.<\/p>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN25214&amp;sd=2023-02-27\"> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/eluminex-biosciences-closes-40-million-series-b-financing-to-continue-the-development-of-innovative-ophthalmic-assets-and-recombinant-human-collagen-technology-301756181.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/eluminex-biosciences-closes-40-million-series-b-financing-to-continue-the-development-of-innovative-ophthalmic-assets-and-recombinant-human-collagen-technology-301756181.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SUZHOU, China and SAN FRANCISCO, Feb. 28, 2023 \/PRNewswire\/ &#8212;&nbsp;Eluminex Biosciences (Suzhou) Limited (Eluminex) officially announced today the closing of a Series B financing of over $40 million (USD). Financing was led by Cenova Capital with additional participation from Guangzhou Yuexiu Industrial Investment Fund Management, 3E Bioventures Capital, Oriza Holdings, and Series A investors. Eluminex [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-16413","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eluminex Biosciences Closes $40+ Million Series B Financing to Continue the Development of Innovative Ophthalmic Assets and Recombinant Human Collagen Technology - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=16413\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eluminex Biosciences Closes $40+ Million Series B Financing to Continue the Development of Innovative Ophthalmic Assets and Recombinant Human Collagen Technology - My Blog\" \/>\n<meta property=\"og:description\" content=\"SUZHOU, China and SAN FRANCISCO, Feb. 28, 2023 \/PRNewswire\/ &#8212;&nbsp;Eluminex Biosciences (Suzhou) Limited (Eluminex) officially announced today the closing of a Series B financing of over $40 million (USD). Financing was led by Cenova Capital with additional participation from Guangzhou Yuexiu Industrial Investment Fund Management, 3E Bioventures Capital, Oriza Holdings, and Series A investors. 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