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Just a month after announcing a deal with Eli Lilly to work on RNAi drugs for metabolic diseases, SanegeneBio has disclosed a $110 million Series B round to fund its work.
Like a growing number of startups, Sanegene has split its operations between the US and China, with R&D in the Boston area, drug discovery work in Suzhou, China, and a clinical operations center in Shanghai. It currently has about 85 employees. Its deal with Lilly could be worth as much as $1.2 billion.
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