VelaVigo Announces Second Out-Licensing Deal, of a First-in-Class Bi-specific Antibody, Further Validating Its Innovative Discovery Platform and Sustainable BD+VC Business Model

This milestone follows VelaVigo's first licensing deal with Avenzo Therapeutics in November 2024 and the successful close of a $50 million Pre-A funding round in February 2025, reinforcing the company's unique business model combining business development (BD) and venture capital (VC) strategies for sustainable growth. This milestone follows VelaVigo's first licensing deal with Avenzo Therapeutics inNovember 2024and the successful close of a$50 millionPre-A funding round inFebruary...

This milestone follows VelaVigo's first licensing deal with Avenzo Therapeutics in November 2024 and the successful close of a $50 million Pre-A funding round in February 2025, reinforcing the company's unique business model combining business development (BD) and venture capital (VC) strategies for sustainable growth.

The latest deal underscores VelaVigo's ability to discover and develop high-potential therapeutics while partnering strategically to maximize value. Additionally, VelaVigo is advancing its fully owned lead asset, a FIC/BIC bispecific ADC, into a U.S. clinical trial this year and expanding its global clinical development capabilities. The company will also present data on five additional FIC or BIC molecules at upcoming industry conferences, seeking further partnership opportunities worldwide.

"This second out-licensing deal is a strong validation of our discovery platform and our ability to identify and advance novel therapeutics with significant potential," said Jing Li, CEO of VelaVigo. "With our first asset entering the clinic this year and a deep pipeline of innovative molecules, we are demonstrating our capacity to translate cutting-edge science into valuable clinical-stage programs. Our goal is to build a global biotech leader by leveraging strategic partnerships while advancing our own portfolio."

"Our BD+VC model is designed to create sustainable value for investors and partners," said Tong Zhang, co-founder, Chief Business & Financial Officer of VelaVigo. "This second licensing deal, following our successful $50M Pre-A round, highlights our ability to execute on both financing and strategic collaborations. We are actively engaging with potential partners to expand our global footprint and accelerate the development of our pipeline."

About VelaVigo

VelaVigo is a leading antibody/ADC discovery and development biotech company with a highly efficient discovery engine and strong capabilities in translational medicine, CMC and early clinical development. Its leading products, the FIC bispecific ADCs, are expected to enter clinical development in the US and China in 2025. VelaVigo continues to build capabilities in clinical development, technology platforms, and partnership with biopharmaceutical companies and investors globally to maximize the efficiency of drug development and return on investment.

VelaVigo was founded in 2021 with a $50M investment, its R&D centers in Shanghai, and clinical and US operations in Boston.

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