Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, January 02 2020 - 11:00
AsiaNet
CF PharmTech Closes US$ 90 Million Financing Round to Accelerate Global Development of Respiratory Drugs
SHUZHOU, China, Jan. 2, 2020 /PRNewswire-AsiaNet/ --

CF PharmTech, Inc., a pharmaceutical company with a vision to provide quality 
and affordable respiratory drug products globally, announced it has raised a 
$90 million Series E investment led by New Alliance Capital. The investment 
included participation from new investors CR-CP Life Science Fund, Finnova 
Capital, GT Capital, Co-stone Asset Management, Xiangcheng Financial Holdings, 
Everest Venture Capital, and existing investors, such as Oriza Holdings, 
Longmen Venture Capital, GTJA Investment and CMB International.

Photo - https://photos.prnasia.com/prnh/20191227/2679726-1
CF PharmTech’s manufacturing facility

The completion of this round of funding reflects the strong support from 
China's investors to fuel high-caliber pharmaceutical companies that have a 
strong global competitive edge, and will allow CF PharmTech to bring products 
in its pipeline to market. 

With respect to this round of financing, New Alliance Capital Executive 
Director Lei Cai explained: "New Alliance Capital prioritizes investment 
opportunities in the healthcare industries. Respiratory treatments and inhaled 
medications, in particular, are promising because of the high technological 
barriers to entry and immense potential for growth. CF PharmTech has worked 
meticulously to build strong technological platforms that support the 
development of a comprehensive range of products. The integrity and 
professionalism of the core team at CF PharmTech impressed us deeply."

CR-CP Life Science Fund Managing Director Da Liu explained: "CF PharmTech is 
one of China's most innovative and pioneering pharmaceutical companies to focus 
on respiratory disease treatments. As a pharma company, CF PharmTech fully 
embodies a commitment to quality and global standards. As one of the few 
leading private pharmaceutical companies of respiratory drug delivery, CF 
PharmTech has immense potential for growth."

CEC Capital served as the exclusive financial adviser to CF PharmTech during 
this Series E round of financing. CEC Capital Partner Irene Hong had this to 
say: "The close of this financing round will mark a new stage in the product 
development at CF PharmTech. We greatly admire the persevering spirit of the CF 
PharmTech team." 

About CF PharmTech:

CF PharmTech is a pharmaceutical company dedicated to respiratory health. Since 
its inception, the company has already established state of the art R&D and 
manufacturing facilities for inhalation products. Currently, CF PharmTech has a 
growing pipeline of over 20 products that are headed to China and global 
markets. Learn more about CF PharmTech, visit www.cfpharmtech.com. 

SOURCE: CF PharmTech, Inc.

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   Caption: CF PharmTech¡¯s manufacturing facility

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