Sequoia China led the $150m Series B round in VISEN Pharmaceuticals.

Sequoia China, a venture capital firm, led the $150m Series B round in VISEN Pharmaceuticals, a biotech company focused on developing and commercializing innovative endocrine drugs, with participation from investment firms OrbiMed, Sherpa Healthcare Partners, Cormorant, HBM Healthcare Investments, Pivotal bioVenture Partners China, Logos Capital, and CDG Capital, as well as all of the existing investors, including Ascendis Pharma, Vivo Capital and Sofinnova. Proceeds of the Series B financing will be used to accelerate the clinical development of the potential best-in-class portfolio drug candidates and to build a strong foundation for commercialization. "VISEN Pharmaceuticals has introduced an impressive and highly differentiated endocrinology-focused drug pipeline to patients in Greater China, and we are very delighted to support the clinical development of the drug candidates. With advanced platform technology from Ascendis Pharma and win-win collaboration between strategic investors and the company, we believe that the company will accelerate the process of bringing in the world's leading therapeutics to Chinese patients and promote the rapid and healthy growth of the industry," Cyber Cao, Sequoia China Managing Director.