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Baiming Xinkang Biotechnology

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A clinical stage biopharmaceutical company developing new treatments for allergy and other diseases

Hangzhou, ChinaFounded 2018Biotech & Life Sciences
Valuation $500M–1B Last recorded · 2025
Total funding $100–500M Disclosed equity funding
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About Baiming Xinkang Biotechnology

Worg Pharma is a clinical-stage biopharmaceutical startup that focuses on the development of new treatments for allergic and autoimmune diseases. The company aims to expand its portfolio to other areas of medicine where there is a high demand for treatment options and significant commercial potential.

The company operates in the global pharmaceutical market, with a significant presence in both Europe and China, thanks to its headquarters in Shanghai and a subsidiary in Basel. This strategic positioning allows Worg to tap into the vast resources and opportunities available in these two major pharmaceutical hubs.

Worg's business model revolves around the development of a pipeline for immunotherapy treatments. This involves creating new drugs internally and partnering with other companies externally. The company's flexible approach allows it to adapt to the changing needs and opportunities in the pharmaceutical industry.

Worg's primary revenue stream comes from the commercialization of its drugs. Once a drug is developed and approved for use, it is sold to healthcare providers who then prescribe it to patients. The company's leadership team, comprised of international executives from China, the United States, and Europe, brings a wealth of experience in life science, pharmaceutical development, regulatory affairs, and commercialization, which positions the company well for success in this highly competitive market.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
Hangzhou, China
Open positions
None listed
Dealroom signal
25.0/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Biotech and Pharma, Hard Tech, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b
Investment activity
1 company, latest Nov 2023
Capital deployed
—
Preferred round
ACQUISITION

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES DOther financing Dec 2025 $43M $760M Hefei Hi-Tech Venture Capital · Shenzhen Investment Holdings · PICC Capital Investment Management · LongRiver Investments ↗
SERIES DOther financing Nov 2024 $28M $760M Tsing Song Capital · PICC Capital Investment Management ↗
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Baiming Xinkang Biotechnology website traffic

Latest recorded traffic for Baiming Xinkang Biotechnology is 250 monthly website visits, down 87.5% over the last three months.

Latest monthly visits250 3-month web change-87.5%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

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

Investors

14 investors on the cap table

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

Series A3 investors entered at this stage

  • Kaitai Capital
  • Puhua Capital
  • Junson Capital

Series B and later11 investors entered at this stage

  • Detong Capital
  • Kangjun Capital
  • Bairun Capital
  • YSIM Fund
  • See prime capital
  • Kequan Fund
  • Tsing Song Capital
  • PICC Capital Investment Management
  • LongRiver Investments
  • Hefei Hi-Tech Venture Capital
  • Shenzhen Investment Holdings
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
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
🇨🇳 China · Hangzhou HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Baiming Xinkang Biotechnology on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

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

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