Today, Shunyuan Gene announced the successful completion of the A+ round of financing of 60 million US dollars. This round of financing was led by Songhe Capital and Jingxu Ventures, and new and old investors such as Pioneer Healthcare Investment, Kyushutong Pharmaceutical Group and Eli Lilly Asia Fund.
Founded in 2014, Shunyuan Gene is committed to the development of high-throughput non-invasive genetic testing products. Shunyuan Gene has the world's top patents for single-cell sequencing, DNA methylation sequencing and bioinformatics technology. Suiyuan has developed a series of unique patented technologies based on free DNA (cfDNA) analysis. Its main products and services cover tumor screening, diagnosis and individualized treatment, especially in the use of high-throughput methylation sequencing technology for circulating tumors. Some progress has been made in the detection of DNA (ctDNA) and early diagnosis of cancer.
The company currently has two research and development centers in San Diego and Shanghai, nearly 60 highly educated technical teams, 4 authorized international patents, 2 independent international patents, and 9 domestic patents. The GMP workshop in Shanghai has been put into production, and has obtained four CFDA registration certificates for high-throughput sequencing-related in vitro diagnostic reagents, and has launched corresponding testing services through cooperation with hundreds of large and medium-sized top three hospitals in China. The company is also committed to developing early cancer screening and diagnostic products based on patented methylation detection technology. The technology prototype has been published in Nature Genetics this year. It is currently undergoing clinical validation by medical institutions within the United Nations and is scheduled to be launched in 2018. It is expected to be the first in the world to break through the recognized technical problem of early diagnosis of cancer.
This round of financing will help Shunyuan Gene expand its non-invasive genetic testing and commercialization, and accelerate the clinical validation and marketing of its early cancer screening and diagnostic products. Shunyuan Gene plans to further expand the company's research facilities, using TiTanSeq? And MONOD? Technology and research and development of new product lines to accelerate the early detection, diagnosis and personalized treatment of cancer.
Professor Gao Yuan, Chairman of Suiyuan Gene, said: "We are grateful to the existing investors for their continued support and welcome new investors to join the Suiyuan family. Suiyuan's patented technologies, such as TiTanSeq and MONOD, can greatly improve the accuracy of early cancer detection. And significantly improve the patient's chances of survival. This successful financing allows us to get sufficient resources to continue to accelerate our innovative research and research and development projects."
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