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Shengshitai Biopharmaceutical Technology

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A Chinese bio-pharmaceutical company

Suzhou Shi, ChinaFounded 2010Biotech & Life Sciences
Valuation $100–250M Last recorded · 2024
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Shengshitai Biopharmaceutical Technology and the history behind them.

About Shengshitai Biopharmaceutical Technology

Shengshitai Biopharmaceutical Technology (CGeneTech), established in 2010 within Suzhou Industrial Park, is a commercial-stage biopharmaceutical firm concentrated on the development and commercialization of small-molecule drugs. The company was founded by Dr. Qiang Yu, who serves as CEO, and Juping Ding, who is the Chairman and President. Dr. Yu's background includes a Ph.D. in chemistry from The University of Kansas, postdoctoral work at its School of Pharmacy, and roles at US-based pharmaceutical technology companies where he led collaborations with major firms like Eli Lilly and GlaxoSmithKline. Juping Ding holds a master's in medicinal chemistry from the Chinese Academy of Medical Sciences and has nearly three decades of experience in the pharmaceutical industry, specializing in the full-chain management of new drug R&D and industrialization.

The company's business model is centered on internal research, development, and eventual commercialization of a differentiated pipeline of pharmaceutical products. CGeneTech operates in the biopharmaceutical market, addressing high-demand therapeutic areas including metabolic diseases (specifically diabetes), oncology, and autoimmune disorders. Revenue is generated through the sale of its approved drugs. The core of its operation is an integrated drug R&D platform that enables the discovery and development of its candidates.

A key milestone for the company was the market approval of its Class 1 innovative drug, Sentagliptin (Shenggliptin), a highly selective DPP-4 inhibitor for treating type 2 diabetes. This drug was part of China's 12th and 13th Five-Year Major New Drug Creation Programs and received approval after demonstrating superior efficacy in Phase I trials and strong safety and performance in Phase III trials. Beyond Sentagliptin, CGeneTech's pipeline includes several other promising assets. In the oncology space, four candidates have entered clinical trials, including a dual FGFR/VEGFR inhibitor for advanced solid tumors and a CDK4/6 inhibitor for acute myeloid leukemia (AML). The company is also developing a small molecule oral CXCR4 antagonist for hematopoietic stem cell mobilization and a next-generation ALK inhibitor to address drug resistance and brain metastasis in lung cancer, both of which have received clinical trial approval from the US FDA.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2010
Headquarters
Suzhou Shi, China
Open positions
None listed
Dealroom signal
19.7/100
Industry
Health
Sub-industry
Pharmaceutical
Sector
Biotech & Life Sciences, Biotechnology, Biotech and Pharma, Hard Tech, DT and LS, science-based
Business model
Manufacturing
Links
Website

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Sep 2024 $28M $110M Undisclosed ↗
SERIES AOther financing Jul 2019 $14M $55M Hongtai Aplus —
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Growth signals

Shengshitai Biopharmaceutical Technology website traffic

Latest recorded traffic for Shengshitai Biopharmaceutical Technology is 70 monthly website visits.

Latest monthly visits70
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

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

Seed1 investor entered at this stage

  • US National Science Foundation

Series A2 investors entered at this stage

  • Addor Capital
  • Hongtai Aplus
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Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China · Suzhou Shi HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Shengshitai Biopharmaceutical Technology on X, ranked by likes and reposts, corporate channels excluded.

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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