Trans-Pacific bispecific player caps 'very challenging' pandemic year with $120M to gain a foothold among the giants
It’s a narrative that we’ve seen over and over again this past year: Covid-19 threw a monkey wrench into clinical trial plans of drugs in other disease areas, forcing companies to improvise.
But for EpimAb, the troubles were compounded: The US-China biotech had carefully selected one clinical center in Guangdong that lung cancer patients used to visit from all over China, but early travel restrictions vastly cut down the number they could recruit into their Phase I/II trial. Meanwhile, in the US, clinical trial sites essentially went into hibernation mode, CEO Chengbin Wu said in an interview with local media last July, quashing their hopes of gathering Phase I/II data for the lead bispecific by the end of 2020 — not to mention steering a second program into the clinic.
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