Technoderma is a leader in the research and development of innovative drugs for skin indications. The success of this round of financing provides a strong support to the company to rapidly advance the preclinical research and IND filing of its drug R&D pipeline projects.
From left to right: Wenkui Fang, Ph.D., Zengquan Wang, Ph.D. and Guanqun Li, M.D./Ph.D.
Dr. Wang Zengquan, founder and general manager of Technoderma, said: "We are very grateful to several industry-leading professional investment companies for providing capital to us in this round, and to the investors for their high recognition of our team and projects. This successful round of financing helps building up a strong foundation for the company to rapidly advance the preclinical research and IND filing of our new drug R&D pipeline projects. Specifically, this round of financing funds will be mainly used to support the phase I clinical trial of the small molecule topical drug TDM-105795 for the treatment of androgenetic alopecia and for phase II clinical trial preparation. The fund will also be used to advance the preclinical research programs in the areas of atopic dermatitis/eczema, psoriasis and lupus erythematosus in the drug R&D pipeline. It is expected to quickly complete the IND enabling studies and enter phase I clinical trial for atopic dermatitis project. Technoderma plans to expand indications and R&D pipelines in medical dermatology, and further strengthen the team. We expect new projects will enter clinical stage every year in the next two to three years. We look forward to continuing our collaborations with future and existing investment companies and partners to bring Technoderma to a new level. We will continue to make great efforts to build Technoderma to a distinctive and internationally-recognized first-in-class innovative drug research and development company for skin diseases."
Source：Technoderma
