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Zion Pharma

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Clinical-stage developer of small molecule anti-tumoral agents

Hong KongFounded 2018
Valuation $100–250M Last recorded · 2021
Total funding $10–50M Disclosed equity funding
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About Zion Pharma

Zion Pharma is a private, clinical-stage biotechnology company developing novel, small-molecule anti-tumoral agents. Founded in March 2018 by Co-founders Zack Cheng (CEO) and Ding Zhou (CSO), the company was established to develop new drugs for cancer patients with high unmet medical needs. Cheng, with a two-decade career in drug metabolism and pharmacokinetics (DMPK) at major pharmaceutical companies like AstraZeneca and GSK, partnered with Zhou to leverage their combined expertise.

The company operates with research headquarters in Suzhou and additional operations in Shanghai, with the parent company, Zion Pharma Limited, formed in Hong Kong. Zion Pharma's drug discovery approach utilizes its DMPK expertise to create proprietary compounds designed to be first-in-class or best-in-class. Its pipeline focuses on therapeutic targets that inhibit tumor growth, such as HER2, ataxia telangiectasia mutated (ATM), Kirsten Rat Sarcoma (KRAS G12D), and SMARCA2 (BRM).

A significant milestone was achieved in May 2023 when Roche acquired the global rights to Zion's lead program, ZN-A-1041. This orally administered tyrosine kinase inhibitor (TKI) is specifically designed to penetrate the blood-brain barrier to treat and prevent brain metastases in patients with HER2-positive metastatic breast cancer. The agreement with Roche includes up to $70 million in upfront and near-term milestone payments, with potential for an additional $610 million based on development, regulatory, and sales milestones, plus tiered royalties. Following the deal, Roche assumed responsibility for the continued development, manufacturing, and commercialization of ZN-A-1041, which is in Phase 1 trials in the U.S. and China.

Zion Pharma has secured significant funding since its inception, starting with a $3 million angel round in May 2018, followed by a $12 million Series A in 2019. A Series A+ round in August 2020 raised an additional $20 million, led by Qiming Venture Partners and Sherpa Healthcare Partners. In June 2021, the company closed a $40 million Series B round. This funding supports the advancement of its clinical trials and the development of other pipeline candidates.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
Hong Kong
Open positions
None listed
Dealroom signal
13.3/100
Links
Website

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC Jul 2021 $40M $160M OrbiMed ↗
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Growth signals

Zion Pharma website traffic

Latest recorded traffic for Zion Pharma is 1.2K monthly website visits, down 55.6% over the last three months.

Latest monthly visits1.2K 3-month web change-55.6%
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Investments and acquisitions

Capital deployed

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

Investors

1 investor on the cap table

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

Series A1 investor entered at this stage

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Global footprint

Workforce and web traffic by country
Workforce by country
🇭🇰 Hong Kong HQ
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Market sentiment

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