HitGen Enters into DNA-Encoded Library Based Research Service Agreement with Nested Therapeutics

"We look forward to working with the research teams at Nested to generate novel starting points for their research programs to help address the unmet needs of patients with cancer. As one of HitGen's four core technology platforms, our world-leading DEL platform is an efficient 'engine' to advance drug discovery, and has enabled hit identification and lead generation for many innovative discovery programmes by our customers and partners. We look forward to delivering useful outcome for Nested's research programmes," said Dr. Jin Li, Chairman of the Board and Chief Executive Officer of HitGen Inc.

"We look forward to working with the research teams at Nested to generate novel starting points for their research programs to help address the unmet needs of patients with cancer. As one of HitGen's four core technology platforms, our world-leading DEL platform is an efficient 'engine' to advance drug discovery, and has enabled hit identification and lead generation for many innovative discovery programmes by our customers and partners. We look forward to delivering useful outcome for Nested's research programmes," said Dr. Jin Li, Chairman of the Board and Chief Executive Officer of HitGen Inc.

About Nested Therapeutics

Nested Therapeutics is a biotechnology company focused on discovering and developing novel, targeted, small molecule precision medicine therapies for patients with cancer by using mutation clusters to identify druggable pockets. With a platform that utilizes insights from genomics, computational chemistry, proteomics, and AI, Nested is working to reach untapped mutations with the potential to improve outcomes for millions of patients. To learn more, visit www.nestedtx.com and follow Nested Therapeutics on Twitter (@Nestedtx) and LinkedIn.

About HitGen Inc.

HitGen Inc. (SSE: 688222.SH), is a drug discovery research company with headquarters in Chengdu, China, and subsidiaries in Cambridge, UK and Houston, USA. HitGen has established leading technology platforms to enable the discovery and optimization of small molecules and nucleic acid drugs. Our key technology platforms include world-leading DNA-encoded library technology (DEL), fragment-based drug discovery and structure-based drug design technologies (FBDD/SBDD), as well as the emerging technology platforms for synthetic therapeutic oligonucleotide technology (STO), and targeted protein degradation technology (TPD). Through our diverse and flexible business models, we have built up collaboration partnership with several hundred biopharmaceutical research organizations worldwide. HitGen has multiple programmes from early discovery to clinical trial stage.

For more information, please call +86-28-85197385, +1-508-840-9646 or visit www.hitgen.com.

For business development: bd@hitgen.com

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