MicuRx Pharmaceuticals successfully completed more than 700 million yuan of E-round financing, setting a new record for financing of new antibacterial drug R&D enterprises in recent years
2020-12-21
On December 21, 2020, Shanghai MicuRx Pharmaceuticals Co., Ltd. announced the completion of round E financing (including new shares and old shares) totaling more than 700 million yuan. This round of financing was led by Junlian Capital, with the participation of several professional institutions including Yingke Capital, Founder Hesheng, China Merchants Securities, Detong Capital, KIP and Zhongtai Venture Capital. The funds will mainly be used to expand the research on indications of new drugs, promote the follow-up international multi center clinical trials, expand the R&D product pipeline, and independently commercialize the Chinese market. As the world's leading anti infective drug R&D technology enterprise, At the beginning of 2020, MicuRx has submitted the marketing application of the first new drug, Contezolid (Youxitai®,MRX-I), in China, which has been included in the priority review and approval. Contezolid is the first class 1 new drug against drug-resistant bacteria independently developed by MicuRx. It can be used to treat infections caused by multiple drug-resistant gram-positive bacteria, including Methicillin-resistant Staphylococcus aureus (MRSA) and vancomycin resistant enterococcus (VRE). Since the discovery of Contezolid in 2008, after 11 years of development, MicuRx completed the world's first phase III clinical trial for complex skin and soft tissue infections in 2019, and is expected…