Findcure Bio Raises $14.5 Million Series B to Advance Radiopharmaceutical Platform

Findcure Bio Raises $14.5 Million Series B to Advance Radiopharmaceutical Platform

Fannkoer Biotech (Zhongshan) Co., Ltd. announced the completion of a Series B financing round exceeding RMB 100 million (USD 14.5 million), co-led by a renowned investment institution and Hecheng Capital, with participation from Fengyang Jialu, Zhongshan Jianzhuo, and Zhongzhi Pharma. Existing shareholders Sheng Lianxing and Renxi Fund also increased their stakes. The proceeds will fund radiopharmaceutical platform construction and accelerate clinical trials, advancing the company’s InnoRDC (Radionuclide Drug Conjugate) pipeline through investigator-initiated trials (IITs) in ~100 cancer patients.

Financing Overview

ElementDetail
CompanyFindcure Bio
RoundSeries B
Amount Raised>RMB 100 million (USD 14.5 million)
Co-LeadsRenowned investment institution + Hecheng Capital
Other InvestorsFengyang Jialu, Zhongshan Jianzhuo, Zhongzhi Pharma
Existing ShareholdersSheng Lianxing, Renxi Fund (increased investment)
Use of ProceedsRadiopharmaceutical platform construction; clinical trial advancement

Technology Platform: InnoRDC

FeatureInnoRDC PlatformStrategic Value
TechnologyRadionuclide Drug Conjugate (RDC)Targeted radiotherapy with diagnostic companion imaging (theranostics)
Competitive FrameworkHighly differentiated within China’s radiopharmaceutical industryFirst-mover advantage in RDC innovation; platform scalability
Product Pipeline5 products in IIT stageBroad oncology coverage; rapid clinical validation
Clinical Progress~100 cancer patients enrolled to dateEarly efficacy/safety signals; translatable human data

Strategic Positioning & Market Context

FactorStrategic Analysis
China Radiopharmaceutical Market>$2 billion by 2030; Lutathera, Pluvicto (Novartis) establishing proof-of-concept; domestic innovation gap creates opportunity for Findcure
RDC vs. Traditional RadiopharmaAntibody/small molecule targeting + radioisotope payload = tumor-specific delivery with imaging capability; superior to non-targeted radiotherapy
IIT StrategyInvestigator-initiated trials enable faster, cost-efficient clinical validation vs. company-sponsored registration trials; publication-driven evidence generation
Platform ConstructionIn-house manufacturing (isotope handling, conjugation, quality control) reduces reliance on CDMOs; enables rapid pipeline expansion
Investor ValidationExisting shareholder follow-on signals confidence in platform; new institutional capital supports Series C readiness

Development Roadmap

PhaseActivityTimeline
CurrentSeries B close; platform facility construction initiationQ1 2026
Platform BuildRadiochemistry labs; GMP manufacturing; regulatory compliance2026-2027
Clinical ExpansionIIT expansion to 200+ patients; registrational trial design2026-2027
Pipeline AdvancementLead asset IND submission; additional RDC candidates to clinic2027
PartnershipBig Pharma licensing discussions; global rights monetizationData-dependent (2027-2028)

Forward‑Looking Statements
This brief contains forward‑looking statements regarding Findcure Bio’s radiopharmaceutical platform construction, IIT clinical outcomes, and RDC pipeline advancement. Actual results may differ due to radioisotope supply constraints, regulatory requirements for radiopharmaceutical manufacturing, and competitive dynamics with Novartis and domestic radiopharma developers.-Fineline Info & Tech