Darren Ji, Elpiscience CEO (Lilly Asia Ventures)

Kept an ocean away from its sci­en­tif­ic ad­vi­sors, Shang­hai's Elpi­science keeps up the clin­i­cal progress, re­fu­els for its I/O pipeline

When Elpi­science pooled $100 mil­lion for its Se­ries B in late 2019, CEO Dar­ren Ji promised to move what he de­scribed as one of the broad­est im­muno-on­col­o­gy pipelines swift­ly through the clin­ic in both the US and Chi­na.

Then a pan­dem­ic got in the way — but not by much. The Shang­hai-based biotech man­aged to keep test­ing its 4-1BB/PD-L1 drug, get an OX40 ag­o­nist cleared for clin­i­cal tri­als (nab­bing a col­lab­o­ra­tion with Jun­shi in the process), while in-li­cens­ing a Phase I bis­pe­cif­ic from Cal­i­for­nia’s TRI­GR Ther­a­peu­tics.

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