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Zhuhai Shashi Biotechnology
Tumor-infiltrating lymphocyte (til) product being developed by the company for multiple indications
About Zhuhai Shashi Biotechnology
Grit Biotechnology, legally registered as Zhuhai Shashi Biotechnology Co., Ltd., is a clinical-stage biopharmaceutical company established in Shanghai in 2019 by Dr. Yarong Liu. Dr. Liu, the company's CEO, has stated the company's focus is on developing transformative cancer treatments. Another co-founder is Mengyang Chong, who serves as the Vice President of Business Development. The company operates in the cell therapy market, specifically focusing on developing Tumor-Infiltrating Lymphocyte (TIL) therapies to treat patients with solid tumors. The business model centers on the research, clinical development, and eventual commercialization of these advanced immunotherapies.
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Since its inception, Grit Bio has secured significant capital to fund its operations and pipeline development. The company raised $15.3 million in a Series A round in December 2020, followed by a Series A+ round in July 2021, and a substantial Series B round of over $60 million in September 2023. This series of funding, led by investors such as CICC, Decheng Capital, and Matrix Partners China, has supported the progression of its product candidates through clinical trials and the expansion of its manufacturing capabilities, which include a 10,000 sqm GMP-level facility in Suzhou.
Grit Bio's lead product candidate is GT101, a non-gene-modified, autologous TIL therapy. This therapy involves harvesting TILs from a patient's own tumor, expanding and rejuvenating them ex-vivo using the company's proprietary StemTexp® platform, and then re-infusing them into the patient. GT101 was the first TIL product to receive Investigational New Drug (IND) approval in China, and it entered a Phase 1 clinical trial in May 2022. Results from the Phase 1 study, presented in May 2024, showed a manageable safety profile and a 35.7% overall response rate (ORR) across various solid tumors, with a notable 45.5% ORR in cervical cancer patients. The company planned for a pivotal Phase II trial for GT101 by the end of 2023.
Beyond GT101, Grit Bio is advancing a pipeline of next-generation, gene-edited TIL products. These are developed using a suite of core technology platforms: StaViral®, a retroviral system for T-cell engineering; ImmuT Finder®, a CRISPR/Cas9-based screening platform for identifying new T-cell targets; and KOReTIL®. Products from this pipeline include GT201, which expresses a membrane-bound cytokine to enhance T-cell survival with reduced reliance on IL-2, and GT316, which involves knocking out immunoregulatory targets to boost TIL performance. Both GT201 and GT316 have entered clinical trials, with GT201 receiving IND clearance in both the US and China.
At a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- China
- Employees
- 15
- Open positions
- None listed
- Dealroom signal
- 50.0/100
- Industry
- Health
- Sub-industry
- BioTechnology
- Sector
- Biotech & Life Sciences, Biotechnology, Spinout, Biotech and Pharma, DT and LS, science-based
- Business model
- Manufacturing
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Zhuhai Shashi Biotechnology.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Sep 2023 | $55M | $220M | CICC · Decheng Capital · Yuanhe Capital · Matrix Partners China | ↗ |
| SERIES AOther financing | Jul 2021 | — | — | Shanghai Junshi Bio · Matrix Partners · Apricot Capital · Decheng Capital | — |
Growth signals
Latest recorded traffic for Zhuhai Shashi Biotechnology is 280 monthly website visits, down 71.1% over the last three months. Zhuhai Shashi Biotechnology's team grew 15.4% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A13 investors entered at this stage
Decheng Capital
Hillhouse Capital
Shanghai Junshi Bio
Matrix Partners
Apricot Capital
GL Ventures
CICC- YCYuanhe Capital
Matrix Partners China
Qianhai FOF
Sherpa Venture Partners
Liando Investment- HEHefangtian
Other known investors2 additional known investors
Duke University
University of Southern California
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Zhuhai Shashi Biotechnology 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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