ProfoundBio US Co. Asset Profile

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Year established

2018

Location

Seattle WA US

Primary Industry

Biotechnology

About

Founded in 2018 and based in Washington, US, ProfoundBio US Co., operates as a medical company for oncology biotherapeutics firms that are developing innovative antibody-based medicines with the potential to cure cancer patients. Mr. Baiteng Zhao is the Chairman and CEO of this company. It also has an office in Suzhou, China. In April 2024, Genmab A/S agreed to acquire ProfoundBio US Co. from Ally Bridge Group, T. Rowe Price, Janus Henderson Investors, RA Capital Management, OrbiMed Advisors, Surveyor Capital, Medicxi Ventures, Logos Capital, Octagon Capital, Piper Heartland Healthcare Capital, LifeSci Venture Partners,. Lilly Asia Ventures, LYFE Capital, K2VC, Chang'an Capital, and Gaorong Ventures for USD 1.8 billion. The company's product pipeline primarily consists of antibody-coupled drugs (ADCs) and other antibody-based therapeutic programs. In addition, it develops novel targeted drugs including PRO1184, an ADC drug targeting folate receptor alpha (FRα), and PRO1160, an ADC drug covering hematologic and solid tumor indications targeting CD70.

Current Investors

Chang'an Capital, Gaorong Ventures, K2VC

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Primary Industry

Biotechnology

Sub Industries

Molecular Science, Genetics & Gene Therapy, Biopharmaceuticals, Oncology/Cancer Treatment

Website

www.profoundbio.com/

Verticals

HealthTech

Total Amount Raised

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