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Clinical-stage biopharmaceutical company developing cancer bispecific antibodies using proprietary FIT-Ig® & MAT-Fab platforms.
EpimAb Biotherapeutics has raised $219.0M across 3 funding rounds.
Key people at EpimAb Biotherapeutics.
EpimAb Biotherapeutics has raised $219.0M in total across 3 funding rounds.
EpimAb Biotherapeutics is a clinical-stage biopharmaceutical company based in Shanghai, China, that develops multispecific and bispecific antibodies for the treatment of cancer and other diseases. The enterprise utilizes proprietary platforms, including FIT-Ig and MAT-Fab, to engineer therapeutics that maintain the full function of parental antibodies without requiring linkers or mutations. Its clinical pipeline features multiple oncology assets, such as the EGFR-cMet bispecific antibody EMB-01, which has advanced into Phase II trials. The company has raised $99 million across its Series A and Series B financing rounds, securing backing from lead investors such as Oriza Seed Capital, Decheng Capital, and 3D Bioventures. In addition to advancing its internal pipeline, the firm generates value through strategic partnerships and licensing agreements with organizations like Kymab and Juri Biosciences. EpimAb Biotherapeutics was founded in 2015 by Chengbin Wu.
EpimAb Biotherapeutics has raised $219.0M across 3 funding rounds. Most recently, it raised $120.0M Series C in March 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2021 | $120M Series C | Tony Rong, Sungwon Song | Cventures, Adrian Cheng, Cormorant Asset Management, Decheng Capital, Hidragon Capital, Hony Capital, Octagon Capital, Sdic Fund, ShangBay Capital, Sherpa Healthcare Partners, Yanchuang Capital | Announced |
| Jun 5, 2019 | $74M Series B | Dongfang LI, Cheng Xing | Scvc | Announced |
| Apr 25, 2017 | $25M Series A | — | 3E Bioventures Capital, MIN CUI, Trend Investment Group | Announced |
Key people at EpimAb Biotherapeutics.
EpimAb Biotherapeutics has raised $219.0M in total across 3 funding rounds.
EpimAb Biotherapeutics's investors include Tony Rong, Sungwon Song, CVentures, Adrian Cheng, Cormorant Asset Management, Decheng Capital, Hidragon Capital, Hony Capital, Octagon Capital, SDIC Fund, ShangBay Capital, Sherpa Healthcare Partners.
# EpimAb Biotherapeutics: A Clinical-Stage Biopharmaceutical Pioneer
EpimAb Biotherapeutics is not a technology company in the traditional sense, but rather a clinical-stage biopharmaceutical company specializing in the development of bispecific antibodies for oncology and immune-oncology applications[1][2]. The distinction matters: while the company leverages proprietary technology platforms, its primary mission is therapeutic drug development rather than technology commercialization.
What it builds: EpimAb develops bispecific antibodies—engineered molecules that simultaneously bind two different targets—designed to treat cancer and related diseases[1][2]. The company's pipeline includes three clinical-stage assets (EMB-01, EMB-06, and EMB-07) and more than 10 preclinical candidates[5].
Who it serves: Oncology patients globally, with a focus on addressing unmet medical needs in three strategic areas: tumor targeting, dual checkpoint inhibitors, and immune cell engagers[5].
What problem it solves: Traditional monoclonal antibodies target a single pathway. Bispecific antibodies enable simultaneous targeting of multiple pathways, potentially offering more effective cancer treatments with novel mechanisms of action[1][2].
Growth momentum: The company has raised $219 million across multiple funding rounds, most recently securing $120 million in Series C financing[2]. Recent milestones include FDA IND approval for EMB-07 and Phase II IND approval for EMB-01 in 2025, plus a licensing agreement with Juri Biosciences for a prostate cancer therapeutic[1][5].
EpimAb was founded in 2015 in the Cayman Islands with seed financing, followed by the establishment of its Shanghai operations in 2016[1]. The company was built by Dr. Chengbin Wu, described as a top expert in bispecific antibodies with a well-established track record, alongside a management team of industry veterans with complementary expertise spanning discovery, clinical development, manufacturing, and business development[1].
The company achieved early validation through regulatory milestones: EMB-01 received both China IND approval and FDA IND approval in 2018, demonstrating the viability of its platform approach[1]. This rapid progression from founding to clinical development underscores the team's execution capability and the market's receptiveness to their technology.
EpimAb operates at the intersection of two major biotech trends: the maturation of bispecific antibody technology and the expansion of immuno-oncology approaches. Bispecific antibodies represent a next-generation therapeutic modality that addresses limitations of single-target monoclonal antibodies, particularly in cancer where multi-pathway engagement often yields superior outcomes.
The company's timing is advantageous. Regulatory agencies have become increasingly comfortable with bispecific antibody development, as evidenced by multiple FDA approvals in this class over the past decade. Simultaneously, the immuno-oncology market continues expanding as checkpoint inhibitors and T-cell engagers demonstrate clinical value. EpimAb's focus on T-cell engagers and dual checkpoint inhibitors positions it within high-value therapeutic categories with significant commercial potential.
The company influences the broader ecosystem by validating that bispecific antibody development can proceed at speeds comparable to monoclonal antibody programs—a critical insight that reduces perceived risk for investors and accelerates industry adoption of this modality.
EpimAb stands at an inflection point. With three assets in clinical development and recent regulatory approvals, the company is transitioning from a platform validation phase into a clinical execution phase. The next 18-24 months will be critical: Phase II data for EMB-01 and early clinical readouts for EMB-07 will determine whether the FIT-Ig platform delivers on its therapeutic promise.
Key trends shaping the company's trajectory include the continued expansion of combination immunotherapy approaches (where bispecific antibodies excel), potential consolidation in the bispecific space as larger pharma companies seek to in-license assets, and the maturation of manufacturing processes that could unlock cost advantages. The 2025 licensing agreement with Juri Biosciences signals that external partners view EpimAb's platform as sufficiently validated to warrant investment.
The company's influence will likely grow if clinical data supports the efficacy of its bispecific approach. Success here could establish FIT-Ig as a preferred platform for next-generation cancer therapeutics, attracting additional partnerships and potentially positioning EpimAb for acquisition by a major pharmaceutical company seeking to strengthen its immuno-oncology portfolio.