Hangzhou-based METiS TechBio, founded in 2020, raised 400 million yuan (US$57.9 million) in series D financing in August last year, led by the Beijing Medical and Health Industry Investment Fund and the Daxing Industrial Investment Fund \u2013 both government-linked vehicles \u2013 according to the company\u2019s website.<\/p>\n
Using a proprietary AI platform focused on optimising drug delivery, the company has developed MTS-004, an oral treatment for neurological disorders that has completed Phase III trials, making it China\u2019s first AI-designed drug candidate to reach that stage.<\/p>\n
The company plans to seek regulatory approval in China this year.<\/p>\n
In earlier funding rounds totalling about US$150 million in 2022, METiS attracted a broad mix of domestic investors, including state-linked insurers PICC Capital and China Life Private Equity, as well as venture firm HongShan, formerly known as Sequoia China before splitting from its US parent in 2023.<\/p>\n
METiS is also considering a Hong Kong initial public offering that could raise about US$200 million, according to a Bloomberg report published last May.<\/p>\n","protected":false},"excerpt":{"rendered":"Hangzhou-based METiS TechBio, founded in 2020, raised 400 million yuan (US$57.9 million) in series D financing in August…\n","protected":false},"author":2,"featured_media":292245,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,139775,139776,218,219,139777,23341,2102,139778,114,139779,139780,139781,6159,240,61,60,139782,2105,80,90],"class_list":["post-292244","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-ai-designed-drug","tag-ai-powered-drug","tag-artificial-intelligence","tag-artificialintelligence","tag-asian-financial-forum","tag-astrazeneca","tag-beijing","tag-biosecure-act","tag-china","tag-chinese-biotech-firms","tag-daxing-industrial-investment-fund","tag-dp-technology","tag-hangzhou","tag-hong-kong","tag-ie","tag-ireland","tag-metis-techbio","tag-ministry-of-industry-and-information-technology","tag-technology","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/292244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=292244"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/292244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/292245"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=292244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=292244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=292244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}