Triastek
Triastek has announced the completion of a 20.4 million USD Pre-C financing round. The company says this milestone marks a ‘significant step’ in the advancement of Triastek’s solutions for drug development and manufacturing.
The Pre-C funding was led by Guoxin Investment, with participation from Goldmine Multi-family Office and existing investor Xiaodong Zheng, President of Shanghai Tofflon Science and Technology Co. Ltd., while China Renaissance served as the exclusive financial advisor.
Prior to this, Triastek attracted investors including Tasly Holding Group, Morningside Venture Capital, Volcanics Venture, Dalton Venture, Yunqi Partners, Xiaodong Zheng, Matrix Partners China, CPE, Shanghai Sci-Tech Innovation Center Capital, and Triwise Capital.
Trisatek’s proprietary technology, the Melt Extrusion Deposition (MED) 3D printing process, combined with digital formulation development methods, enables drug delivery and programmed release. Triastek says it is also actively developing new technology processes, including Semi-Solid Extrusion, Micro-Injection Moulding, and Micro-Droplet Jetting.
Dr. Senping Cheng, Founder and CEO of Triastek said: “As Triastek enters a new phase of development, we will continue to explore the MED process and platform, comprehensively promote the commercialisation of our technologies and products, work hand in hand with global partners, and drive the industry towards digital product development and intelligent manufacturing.”
The company has engaged in business collaborations with global pharmaceutical companies, focusing on novel products and advanced technical solutions. Triastek has established strategic partnerships with Eli Lilly, Merck KGaA, Boehringer Ingelheim, Siemens, and Sperogenix.
Lu Zhen, CEO of Guoxin said: “As a global leader, Triastek is gaining recognition from regulators and partners. We are excited to be part of this financing round and look forward to Triastek expanding collaborations and achieving technical advancements as a benchmark enterprise in the field of high-end formulations.”
“Supporting groundbreaking companies like Triastek enables our family capital to achieve high-quality inheritance while making valuable contributions to society,” added Goldmine Multi-family Office.
Xiaodong Zheng, President of Tofflon added: “We are excited to see Triastek advancing such an emerging technology from concept to commercial production. We will work with Triastek to support the development of China’s pharmaceutical modernisation.”
“We firmly believe that Triastek’s innovative technology has vast application potential. We will continue to walk with the company on its path of development and we look forward to Triastek’s innovative technologies helping more and more innovative drug products to be successfully developed and achieve clinical drug benefits as soon as possible,” said Jiang Jiajia, Managing Director of the Medical and Life Sciences Division at China Renaissance.
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