Bank­ing on Shang­hai's biotech boom, this Eli Lil­ly-backed play­er grabs $100M to push next-gen I/O ther­a­pies

Every six months for the past two years or so, five renowned sci­en­tists and biotech vets — David Shen of NGM Bio, Ar­lene Sharpe and Vi­jay Kuchroo of Har­vard, Juno co-founder Phil Green­berg and Uni­ver­si­ty of Chica­go’s Tom Gajew­s­ki — would meet. There (most re­cent­ly at Na­pa Val­ley over wine), as a sci­en­tif­ic ad­vi­so­ry board, they would of­fer ad­vice to a biotech start­up based an ocean away in Shang­hai, on their quest to un­cov­er new tar­gets and new an­ti­body ther­a­peu­tics for im­muno-on­col­o­gy.

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