Denovo Biopharma is a San Diego-based biotech company with operations in China that specializes in providing a unique biomarker solution to personalize drug development. Founded in 2011, the company has developed an industry-first platform and algorithm for de novo genomic biomarker discovery using archived clinical samples. This breakthrough technology has significant implications for late-stage clinical drugs that have shown unsatisfactory efficacy or side effects. By retrospectively identifying biomarkers associated with patients' responsiveness to drug candidates, Denovo Biopharma's platform enables biotech and pharmaceutical companies to design new clinical trials targeted at specific patient populations, with the aim of achieving higher efficacy and/or reducing adverse effects. The company's technology has broad applications across various therapeutic areas, including oncology and neurological diseases.
Denovo Biopharma's recent milestone includes securing a $11.80M grant investment on 30th April 2024, with the California Institute for Regenerative Medicine being the investor. As a content writer and startup/investor analyst, I find Denovo Biopharma's approach to personalized drug development through biomarker discovery highly innovative and promising. Their ability to retrospectively identify biomarkers linked to patients' responsiveness to drug candidates addresses a critical need in the biotech and pharmaceutical industries, potentially leading to more efficacious and safer drug development processes. The recent $11.80M grant investment from the California Institute for Regenerative Medicine underlines the recognition of Denovo Biopharma's potential by reputable investors. The company's focus on broad applications across therapeutic areas enhances its market relevance and growth potential in the biopharma and biotechnology sectors. Overall, Denovo Biopharma's unique approach and recent investment indicate a positive trajectory for the company and its potential to make a significant impact in personalized medicine and drug development.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $11.80M | 1 | California Institute for Regenerative Medicine | 30 Apr 2024 |
Series D | CNY300.00M | 8 | CICC Qide, Zhejiang Silicon Paradise Asset Management Group +4 | 10 Dec 2020 |
Series C | CNY590.00M | 1 | 29 Jun 2020 | |
Series B | CNY300.00M | - | 31 Oct 2019 | |
Series A | Unknown | - | 01 Jul 2015 |
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