Legend Capital in Conjunction with Innovent and UOBVM Lead a New Round of Investment in Etana
The funds will be used to expand the company's production, clinical, registration, and commercialization capabilities, as well as promote the firm's comprehensive and in-depth collaboration with biopharmaceutical companies and lead the development of the Indonesian biopharmaceutical industry.
FREMONT, CA: Legend Capital, Innovent Biologics, and a consortium led by UOB Venture Management (UOBVM) led a fresh round of investment in PT Etana Biotechnologies Indonesia (Etana), an Indonesian biopharmaceutical company. This round of funding will be utilized to expand the company's production, clinical, registration, and commercialization capabilities, promote the firm's comprehensive and in-depth collaboration with biopharmaceutical businesses, and lead the Indonesian biopharmaceutical industry's development.
"Etana, as an Indonesian biopharmaceutical start-up, always strive to provide high quality, affordable and innovative biopharmaceutical products to serve the patients in Indonesia and South-East Asian countries. We will use the support obtained from the investors to develop local biopharmaceutical production capabilities in line with the policies promoted by the Indonesian government. Etana aims to tackle challenges in oncology and other life-threatening diseases for the South-East Asian market.
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