{"id":27673,"date":"2022-07-22T01:05:00","date_gmt":"2022-07-21T17:05:00","guid":{"rendered":"https:\/\/flcube.com\/?p=27673"},"modified":"2025-02-24T01:07:04","modified_gmt":"2025-02-23T17:07:04","slug":"frontier-biotech-raises-usd-51-4m-to-advance-covid-19-drug-fb2001","status":"publish","type":"post","link":"https:\/\/flcube.com\/?p=27673","title":{"rendered":"Frontier Biotech Raises USD 51.4M to Advance COVID-19 Drug FB2001"},"content":{"rendered":"\n<p>China-based Frontier Biotechnologies Inc. (<a href=\"https:\/\/www.google.com\/finance\/quote\/688221:SHA\">SHA: 688221<\/a>) announced plans to raise RMB 270 million (USD 51.4 million) through a private placement to support the development of its COVID-19 drug candidate FB2001. The funding will be used for a Phase I clinical study, global Phase II\/III trials, and quality and process studies. Investors in the round include UBS AG and others.<\/p>\n\n\n\n<p><strong>Drug Profile<\/strong><br>FB2001 is a 3CL protease inhibitor administered via intravenous injection, designed to treat COVID-19. The drug is currently in global multi-center Phase II\/III clinical trials for hospitalized patients. Preclinical studies have shown that FB2001 is effective against major SARS-CoV-2 variants, including Alpha, Beta, Delta, and Omicron.<\/p>\n\n\n\n<p><strong>Global Rights<\/strong><br>Frontier Biotech holds global rights to develop, manufacture, and commercialize FB2001, positioning the company to address the ongoing pandemic and emerging variants.<a href=\"https:\/\/flcube.com\/\">-Fineline Info &amp; Tech<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China-based Frontier Biotechnologies Inc. (SHA: 688221) announced plans to raise RMB 270 million (USD 51.4&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAownpewDA:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7,10],"tags":[13,20,320,1956],"class_list":["post-27673","post","type-post","status-publish","format-standard","hentry","category-company","category-deals","tag-covid-19","tag-finance","tag-frontier-biotechnologies","tag-sha-688221"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Frontier Biotech Raises USD 51.4M to Advance COVID-19 Drug FB2001 - Insight, China&#039;s Pharmaceutical Industry<\/title>\n<meta name=\"description\" content=\"China-based Frontier Biotechnologies Inc. 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