Canton Biologics Completes Over 300 Million Yuan Series C Financing, Led by SDIC Venture Capital

Dr. Xiao Shen, founder and CEO of Canton Biologics , said, "I am deeply grateful to the investors in this round for recognizing Canton Biologics' technical expertise and growth potential. From our inception, we've been anchored by values of 'reliability, efficiency, and innovation', and inspired by our vision of empowering future with biotechnology. This financing round will further bolster our progress in biotechnological R&D, strengthen our global presence, perpetually support our partners, and ultimately serve more patients."

Dr. Xiao Shen, founder and CEO of Canton Biologics , said, "I am deeply grateful to the investors in this round for recognizing Canton Biologics' technical expertise and growth potential. From our inception, we've been anchored by values of 'reliability, efficiency, and innovation', and inspired by our vision of empowering future with biotechnology. This financing round will further bolster our progress in biotechnological R&D, strengthen our global presence, perpetually support our partners, and ultimately serve more patients."

The lead investor, SDIC Venture Capital, holds a bullish outlook on Canton Biologics' prospective growth and global expansion, because Canton Biologics is a flagship entity in the large molecule drug CDMO sphere, with extensive expertise and robust technical foundations in areas such as proprietary cell line development, pre-clinical pharmaceutical formulation, large-scale commercial manufacturing, and integrated clinical supply chain management.

The co-investor, Guangdong Technology Financial Group, stated that Canton Biologics' accelerated growth plays a strategic role in enhancing the R&D outsourcing landscape within Guangdong province.

The co-investor, Taipu Life Science Investment, also have a favorable view of Canton Biologics as it boasts a global perspective, a commitment to customer-centric service, a dynamic management cadre, an innovative technical team, and robust capabilities in the industrialization of biotechnologies.

 

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