Solipharma Closed On 260 Million Yuan of Financing

According to ChinaVenture, Solipharma recently completed 260 million yuan of financing, jointly invested by Goldstone Orient Company, Hangzhou Pitaya Investment Management co., LTD, Beijing Yinhe Dingfa Venture Investment co., LTD., Shenzhen Pantong Investment Management co., LTD, Hangzhou Hi-Tech Investment co., LTD. and personal investor Gao Yaping.

This financing will be mainly used in three aspects, including the development of existing and new product R&D pipelines, the acquisition and continuous operation recognized by the investors and Solipharma, and the supplement of the working capital for normal production and management.

SoliPharma is a specialty pharmaceutical company, founded in 2010 by Dr. Sheng Xiaoxia, an expert on the Chinese "Thousand Talents Plan". The company’s mission is to “bring challenging molecules to global markets” faster and better through SoliTech® Solutions.  It provides comprehensive solutions to our clients worldwide from early API development (solid form screening/crystallization process) to drug product development (formulation/analytical chemistry).

The Goldstone Orient Company regarded this cooperation as an extension of the internal research and development platform to improve its research and development strength.

Goldstone Orient Company has focused on developing advanced plastic composite pipe technology and putting it into applications. The company can provide the reinforced pipe total solution for customers from structure design, processing, engineering installation to standard documentations. Goldstone has led the Chinese steel reinforced pipe industry and participated in formulating numbers of national standards to promote the development of the industry. 

Hangzhou Hi-Tech Investment is a comprehensive state-owned investment and financing company. With a registered capital of 2.6 billion yuan, it ranks 26th among registered venture capital enterprises in China. It manages funds including Hangzhou Venture Investment Guidance Fund, Angel Investment Guidance Fund, policy guarantee and provides other financing services.