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Baoji Pharmaceutical

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A biopharma R&D manufacturer, a Sino-foreign joint biopharmaceutical enterprise integrating drug R&D and production

Baoshan District, ChinaFounded 2019Biotech & Life Sciences
Valuation $500M–1B Latest valuation · 2026
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding

About Baoji Pharmaceutical

Shanghai Baoji Pharmaceutical Co., Ltd., operating as Bao Pharma, is a biopharmaceutical company established in December 2019, focused on the industrialization and commercialization of recombinant protein and antibody-based therapeutics. The company's formation involved the integration of Suzhou Kangju Biotechnology Co., Ltd. (founded in 2011 to develop recombinant enzyme drugs and monoclonal antibodies) and Suzhou Centergene Pharmaceuticals Co., Ltd. (founded in 2014 to develop glycoprotein drugs for assisted reproduction). This strategic consolidation in 2020 aimed to accelerate the industrialization of existing projects. A significant milestone was the acquisition of a 63,000-square-meter facility in Shanghai's Baoshan District in October 2021, enabling industrial-scale production. The company secured a Series B funding round of $100 million on August 25, 2022, led by Oriental Fortune Capital, to advance its development pipeline.

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Bao Pharma operates as a biopharmaceutical research, development, and manufacturing enterprise. The company's business model integrates drug development, clinical trial services, and manufacturing, with revenue generated from the production and sale of its therapeutic products. Its clientele consists of patients and healthcare providers across various medical fields, including oncology, autoimmune diseases, rare diseases, and organ transplantation. The company has established a cGMP-compliant manufacturing base in Shanghai designed for multiple drug substance production lines using both mammalian cell and microbial expression systems. This facility is equipped to produce injectable solutions, lyophilized powders, and pre-filled syringes.

The company’s product pipeline targets a range of conditions with significant unmet medical needs. One key product is a recombinant IgG Cleaving Enzyme for treating pathogenic IgG-mediated immune system diseases, which has completed Phase I clinical trials in New Zealand and China. Bao Pharma is also developing a Recombinant Chymotrypsin using genetic engineering to replace traditional animal-derived extraction methods, offering improved safety and quality for applications in numerous medical departments like respiratory medicine and surgery. Another core area is subcutaneous drug delivery, leveraging its expertise in hyaluronidase technology to enhance the administration of therapeutics. Additionally, the company is advancing KJ015, an anti-HER2 bispecific antibody for various solid tumors, and a recombinant human follicle-stimulating hormone (FSH) fusion protein for assisted reproduction, for which a New Drug Application was submitted in December 2023. Keywords: biopharmaceutical, recombinant protein drugs, antibody drugs, drug development, cGMP manufacturing, autoimmune diseases, oncology, assisted reproduction, subcutaneous delivery, recombinant enzymes, monoclonal antibodies, IgG cleaving enzyme, chymotrypsin, hyaluronidase, bispecific antibody, glycoprotein drugs, clinical trials, Series B, Oriental Fortune Capital

Source: Dealroom company data

At a glance

Founded
2019
Headquarters
Baoshan District, China
Listing
IPO 2025
Sector
Biotech & Life Sciences
Power Law
Unicorn$1–10B valuation tier

Latest news

Press, funding announcements and product moves mentioning Baoji Pharmaceutical.

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Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A6 investors entered at this stage

  • Oriental Fortune Capital
  • Center Lab
  • Shengshi Capital
  • Dongfang Fuhai
  • Haitong Innovation Capital Management
  • Yuanchuang Capital

Series B and later2 investors entered at this stage

  • SHC Shanghai Biomedical Fund
  • Shanghai International Group
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇨🇳 China66.7%
🇹🇼 Taiwan33.3%
2 countries shown
Web traffic by country
120 monthly visits
across markets
🇹🇷 Turkey83.3%
Top 1 markets shown

Market sentiment

Posts on X, past 7 days

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