Fast-growing Ascentage has big plans for its latest $150M raise -- but what about the IPO?
Like many of today’s crop of transpacific biotech entrepreneurs, it is difficult to pin down where exactly Ascentage co-founder and CEO Dajun Yang is based.
“I spend most time traveling on the road,” he says, adding that the company has offices in Beijing, Shanghai, Suzhou, the US and Australia.
Ascentage is no upstart. As it put together the Series C syndicate of US/China investors that collectively brought in $150 million, the 8-year-old company was boasting a pipeline of 7 product candidates in China (5 of those also in the US, 3 in Australia), 16 active INDs, and a staff of roughly 240.
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