Genhouse raised $31M+ in series A to advance development of next-generation anti-cancer therapeutics


On June 9th 2021, Genhouse Bio, a biotech company focusing on development of next-generation anti-cancer therapeutics, announced a $31M+ series A financing led by Shenzhen Capital Group, Viva Biotech, In Capital, Legend Star, Hengbo Tongzhou Capital and Sanhua Hongdao Capital. Also participating was Genhouse’s existing investor: Sharewin Capital.


Genhouse is an innovative biotech company targeting the global market, the focus of which is developing novel small molecule anti-cancer therapeutics. It has built R&D centers in Suzhou and Shanghai exceeding 5000 m2. Genhouse has established in-house technology platforms to drive new drug development and built a distinguished pipeline with more than 10 drug candidates.


In 2020, Genhouse successfully out-licensed its SHP2 inhibitor to HUYABIO, an international biotech company, which verifies Genhouse’s global innovation capability. In March 2021, CDE accepted IND application of GH35 (a KRAS G12C inhibitor). Besides GH35, its SHP2 inhibitor, GH21 is also expected to enter clinical trial this year.


As Genhouse becomes a clinical-stage biotech company, its drug development journey will enter a new stage. Genhouse will keep digging into the RAS signaling pathway— also developing a SOS1 inhibitor and pan-KRAS inhibitor with full speed. At the same time, the more innovative Pipeline 2.0 with higher global value and competency will also make significant progress this year.


“We are grateful for the support and recognition of our new investors and the constitutive accompany of our existing investor,” said Dr. Kuifeng Wang, founder and CEO of Genhouse, “Genhouse will keep increasing R&D investment and attracting high-level talents to build the AIDD+ platform and strengthen our core competency and expand our pipeline. We are confident in the future development of our lead product candidates. We will always keep our idea of ‘Remain true to science, broaden knowledge for life’ in heart and devote all we have to the healthcare industry with the support of our investors.”


“We have been tracking Genhouse’s team for a long period of time and witnessed its growth and achievement,” said Haoyu Zhang, Project Manager of Shenzhen Capital Group, “Genhouse designed its pipeline with a global vision. It focuses on overcoming ‘undruggable’ targets and original innovation with its steady work. The management team is very experienced in new drug development and project execution. We saw extraordinary innovative value from Dr. Wang and his team. Shenzhen Capital Group is more than willing to further realize Genhouse’s potential and maximize its innovative value with Genhouse’s team.”

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Effective and Last Updated: April 15th 2021