Novaken

PharmaceuticalsSeries CGuangzhou, Chinanovaken.cn

Latest round

Series C

Last raised

Feb 2025

Total raised

$16M

Investors

4

About Novaken

Established in 2007 and based in Guangzhou, China, Novaken operates as an innovative drug developer that focuses on the development of innovative drug formulations and technology platforms. It acquired certifications such as ISO90001, ISO14001, and ISO45001. The company has obtained more than 100 patents and high-tech enterprise certification. Dr. Chuanbin Wu, the founder of the company, used to hold senior R&D management positions in Johnson & Johnson, Novartis, and Actavis. The company is engaged in the development of innovative drug formulations and technology platforms. It has two new drug technology platforms, which are soluble microneedles and inhalation formulations. Products include Someprazole Magnesium Enteric-coated Tablets, Nifedipine Sustained Release Tablets, Zolpidem Tartrate Sustained Release Tablets, etc. The drugs developed are suitable for eye inflammation, intestinal infection, gastrointestinal ulcers, pancreatic cancer, and other fields. The company generates revenue by providing innovative drug formulations and technology platforms, such as Oxybunium Sustained-Release Tablets, Tacrolimus Granules, and Ribavirin Tablet.

Who invested in Novaken

4 investors across 3 rounds

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Funding rounds

  1. Series C

    Feb 19, 2025

    Amount

    Undisclosed

    Investors

    Locked

  2. Series A

    May 13, 2022

    Amount

    Undisclosed

    Investors

    Locked

  3. Series A

    Dec 7, 2021

    Amount

    $16M

    Investors

    Locked

Questions about Novaken

Who invested in Novaken?

Novaken has 4 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Novaken raised?

Novaken has raised 3 venture rounds. Sign up free to see how much each round raised and the total.

When did Novaken last raise money?

Novaken's most recent round on record is a Series C, in Feb 2025.

What does Novaken do?

Established in 2007 and based in Guangzhou, China, Novaken operates as an innovative drug developer that focuses on the development of innovative drug formulations and technology platforms.

Where is Novaken headquartered?

Novaken is headquartered in Guangzhou, China.

Which VCs invest in companies like Novaken?

Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back pharmaceuticals companies at Novaken's stage. Their profiles are linked below.

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