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InxMed Adds $15 Million B+ Funding for China/US Pivotal Trials of FAK Inhibitor

publication date: May 9, 2022

Nanjing InxMed announced a $15 million B+ funding round to develop its novel therapies that target the stroma microenvironment and drug resistance for hard-to-treat solid tumors. InxMed will use the funds for US/China clinical trials of its lead drug, IN10018, a selective adenosine triphosphate competitive FAK inhibitor. InxMed believes the candidate will prove to be effective alone and in combination with immunotherapies, chemotherapies and targeted therapies. The Series B+ round was funded entirely by Hyfinity Investments. Earlier this year, InxMed completed a $50 million B round. More details....

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