Portfolio Case
Insight Lifetech
2026 - 03 - 24
Insight Lifetech
Insight Lifetech (688712.SH) is a national high-tech enterprise specializing in the R&D, manufacturing, and sales of innovative medical devices for the precise diagnosis and treatment of cardiovascular diseases. On February 5, 2026, Insight Lifetech was listed on the STAR Market. Efung Capital invested in the company in 2020.
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Healthgen Biotech
2018 - 08 - 20
Healthgen Biotech
Heyuan Biosciences (688765.SH) is a national high-tech enterprise specializing in the research and development of plant-derived recombinant protein expression technologies and related products. The company is led by a scientific team headed by Professor Yang Daichang. Its core product, the plant-derived recombinant human serum albumin injection HY1001, is the world's first recombinant human albumin drug approved for market utilizing a plant-based expression system. On October 28, 2025, Heyuan Biosciences was listed on the STAR Market. Efung Capital invested in the company twice, in 2016 and 2018.
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Ascentage Pharma
2018 - 08 - 20
Ascentage Pharma
Ascentage is a globally-focused, clinical-stage biopharma developing novel therapies for cancers, hepatitis B & age-related diseases. Its expertise is in developing inhibitors of protein-protein interactions (PPIs) to restore apoptosisor programmed cell death. There are seven drug candidates in Phase I or II clinical trials in the U.S., Australia and China, including a novel Bcl-2/Bcl-xL inhibitor as well as candidates aimed at IAP and MDM2-p53 pathways, and next-generation tyrosine kinase inhibitors (TKIs).
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Xuanzhu Biopharmaceutical
2026 - 03 - 24
Xuanzhu Biopharmaceutical
Xuanzhu Biopharmaceutical (02575.HK) is an innovative drug subsidiary controlled by Sihuan Pharmaceutical, a major domestic pharmaceutical group. The company focuses on multiple therapeutic areas including oncology, gastroenterology, and metabolism. It is one of the few innovative drug enterprises in China with a fully integrated industrial chain spanning R&D, manufacturing, and sales across both large and small molecule fields, while maintaining complete independent intellectual property rights. On October 15, 2025, Xuanzhu Biopharmaceutical was listed on the Hong Kong Stock Exchange. Efung Capital invested in the company in 2021.
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Frontier Biotech
2018 - 08 - 20
Frontier Biotech
Frontier Biotech is a research-based, clinical stage pharmaceutical company founded in 2002. The management team have extensive business and development experiences in the US and China pharma/biotech industry. Frontier Biotech leverages China's large patient population, and rapid growing economy and pharmaceutical market, develops innovative pharmaceutical products with worldwide IP protection. Frontier Biotech develops Albuvirtide, the first long-acting anti-HIV drug worldwide, which has been approved by CFDA and launched in the third quarter of 2018. The company is dedicated in the discovery, development and commercialization of innovative therapeutic products for unmet medical needs and under-served patients.
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Cloudbreak Pharma
2026 - 03 - 24
Cloudbreak Pharma
Cloudbreak Pharma (02592.HK) is a global clinical-stage biotechnology company focused on developing ophthalmic drugs for the treatment of chronic eye diseases. The company was founded in September 2015 in Irvine, California, USA. Its team possesses diversified expertise and extensive experience in ophthalmic drug development, with the mission of helping people better enjoy life by treating various eye conditions that impair vision and quality of life. On July 3, 2025, Cloudbreak Pharma was listed on the Hong Kong Stock Exchange. Efung Capital invested in the company twice, in August and September 2022.
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Lifotronic
2018 - 08 - 20
Lifotronic
Established in 2008, Lifotronic is a professional international medical enterprise dedicated to developing better products and services with outstanding value for people’s health and life, fostering a culture of dedication, professionalism, integrity and innovation. As a professional medical device manufacturer, Lifotronic specializes in the development, manufacturing and marketing of Bedside Treatment and Diagnostic products.
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Harbour BioMed
2021 - 08 - 26
Harbour BioMed
Harbour BioMed is a global, clinical stage biopharmaceutical company committed to the discovery, development and commercialization of novel antibody therapeutics in the areas of oncology and immunological diseases to address unmet patient’s needs.
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OBiO Technology
2021 - 08 - 26
OBiO Technology
OBiO Technology (Shanghai) Corp., Ltd. is a biopharmaceutical CDMO/CMO company founded in 2013 which currently has more than 380 employees, over a quarter of whom are educated to PhD and M.Sc level. In 2016, OBiO built its gene therapy manufacturing platform meeting regulatory requirements in China, Europe and the United States. The GMP platform offers holistic CDMO services across plasmid, adeno-associated virus, lentivirus, adenovirus, oncolytic viruses, and cell therapy products for scientists, research facilities, medical institutions, and pharmaceutical companies.
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3D Medicines
2021 - 08 - 26
3D Medicines
3D Medicines Inc. is a commercialization stage bio-pharmaceutical company, focused on the field of cancer treatment. With a mission to help people with cancer live longer and better, we commit to developing a new generation of therapies for cancer patients around the world, following a future when cancer is managed as a chronic disease
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Apexigen
2018 - 08 - 21
Apexigen
Apexigen is a clinical-stage biopharmaceutical company focusing on the discovery and development of innovative antibody-based therapeutics for the treatment of cancer with a focus on immuno-oncology. The company's pipeline of immuno-oncology therapeutic candidates is led by the APX005M program, which is currently in clinical development.Apexigen'sAPXiMAB™ technology platform enables Apexigen and its partners to discover high-quality antibody drug candidates against challenging disease targets. Apexigen has established eight corporate partnerships: five of these partners are conducting clinical trials of antibodies discovered using the APXiMAB™ platform.
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KBP Biosciences
2018 - 08 - 21
KBP Biosciences
KBP is a world-class biotechnology research & development organization dedicated to providing innovative therapies for unmet medical needs.Its integrated discovery and development platform enable the company to efficiently bring new drugs from bench to clinics around the world.KBP focuses its resources on therapeutic areas where there are significant unmet medical needs. The key areas of interest include Cardiovascular, Infectious Disease, Respiratory, Inflammatory and Autoimmune diseases.
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Resverlogix
2018 - 08 - 21
Resverlogix
Resverlogix is a late-stage clinical biotechnology company dedicated to improving and saving the lives of patients with high-risk cardiovascular disease, diabetes mellitus, and chronic kidney disease.Resverlogix is developing an advanced epigenetic drug called apabetalone for the treatment of high-risk cardiovascular disease patients who also have type 2 diabetes mellitus and low high-density lipoprotein (HDL). The current standard of care for these patients is administration of statins, of which, the two most common are Lipitor and Crestor. Despite maximized use, statins only manage approximately 30 percent of cardiovascular events. The opportunity for apabetalone is in addressing the huge remaining unmet medical need that can be attributed to other unmanaged risk factors such as inflammation. When used in combination with current treatments, apabetalone could address the 70 percent of unmet need in this patient group, specifically the residual inflammatory risk.
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Aridis Pharmaceuticals, Inc.
2018 - 08 - 21
Aridis Pharmaceuticals, Inc.
Aridis Pharmaceuticals, Inc. is a biopharmaceutical company focused on the development of novel, differentiated therapies for infectious diseases. Complementing the product pipeline is a disruptive platform technology to discover rare, potent human monoclonal antibodies from patients. Its scientists and leadership team have a proven track record of innovation and successful drug development stewardship of therapeutic candidates from early discovery to commercial implementation.Aridis has been listed on Nasdaq in August 2018.
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Centrexion Therapeutics
2018 - 08 - 21
Centrexion Therapeutics
Centrexion Therapeutics is transforming the treatment of chronic pain by advancing one of the largest, exclusively pain-focused clinical pipelines of novel, non-opioid therapies. It aims to bridge the safety and efficacy gaps in current approaches to chronic pain management.The pipeline represents the mission to tackle the problem of chronic pain head on by developing treatments that act at new or emerging pharmacological targets and delivering them in ways that best address the particular type of chronic pain. This includes a topical gel, a joint or deeper tissue injection, a spinal delivery, and three separate oral treatments.
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Chipscreen Biosciences
2018 - 08 - 20
Chipscreen Biosciences
Epidaza (Chidamide) is the first marketed innovative drug developed by a Chinese pharmaceutical company. As an oral HDAC inhibitor, Epidaza targets recurrent peripheral T cell lymphoma. Meanwhile, it can also treat other hematological cancer, solid tumor and even HIV combined with other drugs. Multiple clinical trials are conducted in the U.S., Japan, China and Taiwan.
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​BeyondSpring
2026 - 03 - 24
​BeyondSpring
BeyondSpring (BYSI.us) was founded in 2013 and is headquartered in the United States. The company is a global clinical-stage biopharmaceutical company focused on novel cancer therapies, including the development of advanced oncology immuno-oncology drugs. On March 9, 2017, BeyondSpring was listed on the NASDAQ. Efung Capital invested in the company in 2019.
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Asieris Pharmaceuticals
2026 - 03 - 24
Asieris Pharmaceuticals
Asieris Pharmaceuticals (688176) was founded in March 2010 and is a global innovative drug company focused on urogenital tumors and other major disease areas. Upholding its corporate mission of "Improving human health and making life more dignified," Asieris Pharmaceuticals aspires to become an internationally leading pharmaceutical company integrating R&D, manufacturing, and commercialization in its focused therapeutic areas, providing integrated diagnosis and treatment solutions for patients in China and around the world. In March 2020, Efung Capital invested in Asieris Pharmaceuticals. In January 2022, Asieris Pharmaceuticals was listed on the STAR Market.
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Biostar Pharma
2026 - 03 - 24
Biostar Pharma
Biostar Pharma (02563.HK) is a national high-tech enterprise founded by a team of scientists from the United States. Leveraging its advanced and sustainable synthetic biology new drug R&D platform, the company focuses on developing innovative anticancer drugs with independent intellectual property rights. After more than 20 years of development, the company has evolved into an integrated biopharmaceutical company encompassing new drug R&D, manufacturing, and commercialization. Its independently developed National Class 1 new drug, Utidelone Injection (brand name: Utidel®), is a next-generation microtubule inhibitor produced through microbial fermentation process and was approved for marketing by the National Medical Products Administration in March 2021. In 2020, Efung Capital invested in Biostar Pharma. On October 31, 2024, Biostar Pharma was listed on the Main Board of the Hong Kong Stock Exchange.
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