Juncell Therapeutics Files for HKEX IPO, Pioneering Chemo‑Free TIL Therapy for Solid Tumors

Juncell Therapeutics Files for HKEX IPO, Pioneering Chemo‑Free TIL Therapy for Solid Tumors

Shanghai Juncell Therapeutics Co., Ltd. (“JunCell Biologics”) released its prospectus, announcing its intention to list on the Hong Kong Stock Exchange. The company is a cell‑therapy developer focused on solid tumors, featuring GC101, the world’s first tumor‑infiltrating lymphocyte (TIL) therapy that eliminates high‑intensity lymphodepleting chemotherapy and IL‑2 administration.

IPO and Financial Overview

ItemDetails
ExchangeHong Kong Stock Exchange (HKEX)
Prospectus Date11 Dec 2025
R&D Expenditure 2023RMB 57.6 million
R&D Expenditure 2024RMB 91.0 million
R&D Expenditure H1 2025RMB 52.8 million
R&D CAGR (2023‑2024)58% year‑over‑year growth
Use of ProceedsAdvance GC101 clinical trials; expand DeepTIL/NovaGMP platforms; pipeline expansion

Technology Platforms

PlatformDescription
DeepTIL™Dual‑Free Platform for TIL cell enrichment and expansion; enables chemo‑free manufacturing
NovaGMP™Non‑viral vector gene modification technology; supports engineered TIL and off‑the‑shelf products

Core Pipeline

AssetTargetStageDifferentiation
GC101Solid tumors (TIL therapy)Clinical developmentWorld’s first TIL therapy without lymphodepletion or IL‑2; Q2 2026 China IND filing

Strategic Implications

  • Capital Infusion: HKEX listing provides estimated USD 40‑60 million raise to fund Phase 1/2 trials for GC101 across melanoma, lung, and cervical cancers.
  • Competitive Edge: DeepTIL platform removes the need for high‑dose chemo conditioning, addressing a major safety and accessibility barrier for TIL adoption.
  • Market Opportunity: Global TIL therapy market projected at $2.5 billion by 2030; China’s solid‑tumor cell‑therapy market growing at 35% CAGR, driven by unmet need in checkpoint‑refractory patients.

Forward‑Looking Statements
This brief includes forward‑looking statements regarding Juncell’s listing timeline, R&D spend projections, and GC101 clinical milestones. Actual results may differ due to market conditions, regulatory feedback, or competitive dynamics.-Fineline Info & Tech