Loading organizations...
Avistone Pharmaceuticals is a clinical-stage biotechnology company based in Beijing, China, that discovers and develops precision oncology therapeutics and novel small-molecule inhibitors for genetically defined cancers. The organization primarily focuses on targeted treatments for patients suffering from non-small cell lung cancer, glioblastoma, and other solid tumors. To advance its clinical pipeline and commercialization efforts, the enterprise has raised over $200 million in venture capital and private equity funding across multiple financing rounds. This financial backing includes a major investment round led by prominent institutional investors such as Vivo Capital, Bain Capital Life Sciences, and Primavera Capital. The capital supported the strategic acquisition of Beijing Pearl Biotechnology and the development of its lead drug, Vebreltinib, which received conditional approval from China's National Medical Products Administration. Avistone Pharmaceuticals was originally founded in 2013 by Dr. Hepeng Shi.
Avistone Pharmaceuticals has raised $339.7M across 2 funding rounds.
Avistone Pharmaceuticals has raised $339.7M in total across 2 funding rounds.
Avistone Pharmaceuticals has raised $339.7M across 2 funding rounds. Most recently, it raised $139.7M Series B in January 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 4, 2024 | $139.7M Series B | Guotou Chuangye, IDG Capital | Jonathan ZHU, Cathay Capital, Yanchuang Capital | Announced |
| Dec 1, 2021 | $200M Series A | — | HBM Partners, OrbiMed, SR ONE, Vivo Capital | Announced |
Avistone Biotechnology Co., Ltd. (also referred to as Avistone Pharmaceuticals) is a commercial-stage innovative biopharmaceutical company based in Beijing, China, focused on developing first-in-class and best-in-class precision oncology therapeutics, primarily for non-small cell lung cancer (NSCLC) and other solid tumors.[1][2][3] The company builds a pipeline of targeted small-molecule drugs, such as Vebreltinib (PLB1001, a c-Met inhibitor) and Andamertinib (an EGFR antagonist), serving oncology patients worldwide with unmet needs in genetically defined cancers like MET exon 14 skipping NSCLC and MET amplification NSCLC.[1][4][5] It solves critical problems in precision oncology by delivering therapies with breakthrough designations and approvals in China, backed by over $340 million in funding, enabling commercialization across 25 provinces and nearly 1,000 hospitals.[1][4]
Avistone's growth momentum is strong, marked by multiple NMPA approvals (e.g., Vebreltinib in 2023 and 2025), priority reviews, and a robust pipeline including Phase 1/2 candidates like ANS-014004 (MerTK inhibitor).[1][5] With a commercial team in place and global clinical development, the company is transitioning from clinical-stage to a fully integrated platform addressing lung cancer drivers.[3][4]
Avistone traces its roots to 2012, when Beijing Pearl Biotechnology Co., Ltd. was established as the precursor entity.[1] The company evolved into Avistone Biotechnology, with founder, chairman, and CEO Dr. Hepeng Shi leading a core team of experienced drug design and clinical development experts, supported by international key opinion leaders (KOLs).[3][4] The idea emerged from a decade-long commitment to precision oncology, starting with IND approval for Vebreltinib (PLB1001) in 2015, followed by its selection into China's National 13th Five-Year Plan Major New Drug Innovation Program in 2016.[1]
Pivotal moments include IND approval for PLB1004 in 2020, a $200 million Series A in 2021 from Vivo Capital, Bain Capital, and Primavera Capital (merging with Pearl Biotechnology), breakthrough therapy designation for Vebreltinib, and a $140 million Series B in 2023 from CS Capital, IDG Capital, and others.[1][3][4] These milestones propelled early traction, with Vebreltinib's NDA priority review in 2022 and approval for MET exon 14 skipping NSCLC in 2023.[1]
Avistone rides the global precision oncology wave, targeting molecular drivers in NSCLC amid rising demand for targeted therapies over chemotherapy, fueled by genomic profiling advances and China's NMPA reforms accelerating approvals.[1][3][5] Timing aligns with Asia's oncology market growth—China's lung cancer burden and policy support for innovative drugs like those in the 13th Five-Year Plan—positioning Avistone to capture share in a $50B+ global targeted therapy market.[1]
Market forces favoring Avistone include investor appetite for biotech (evident in its funding rounds) and unmet needs in MET/EGFR-mutated cancers, where few options exist.[3][4][5] It influences the ecosystem by validating China's biopharma innovation, bridging Beijing with US/EU trials, and expanding access via commercialization, potentially setting benchmarks for integrated oncology platforms.[2][3]
Avistone is poised for global expansion with Vebreltinib's additional indications (e.g., MET amplification NSCLC approved 2025), Andamertinib commercialization, and Phase 1/2 advances like ANS-014004 and PLB-1003.[1][5] Trends like combo therapies, AI-driven drug design, and US market entry will shape its path, leveraging its pipeline depth and funding for Phase 3/global trials.[4]
Influence may evolve from China-focused player to multinational contender, driving oncology innovation as precision medicine scales—echoing its mission to deliver high-quality drugs worldwide, transforming patient outcomes in targeted cancers.[1][2]
Avistone Pharmaceuticals has raised $339.7M in total across 2 funding rounds.
Avistone Pharmaceuticals's investors include Guotou Chuangye, IDG Capital, Jonathan Zhu, Cathay Capital, Yanchuang Capital, Hbm Partners, OrbiMed, SR One, Vivo Capital.
