GenEditBio Secures Strategic Investment from Gobi Partners GBA to Advance Precision Genome Editing

01 October 2024 | Tuesday | News


The biotech company aims to accelerate development of cutting-edge DNA surgery technologies and launch clinical trials with support from AEF Greater Bay Area Fund, managed by Gobi Partners.
Image Source : Public Domain

Image Source : Public Domain


GenEditBio Limited ("GenEditBio"), a biotech company co-founded by Prof. ZHENG Zongli from the City University of Hong Kong that focuses on precision genome editing to provide affordable "precision DNA surgery" for genetic diseases with unmet needs, is pleased to have AEF Greater Bay Area Fund, managed by Gobi Partners GBA, a leading venture capital firm in Asia, invested in our company. The investment will be used to further develop and enhance our editing and delivery technologies, to advance our in vivo programs, as well as to initiate clinical studies for safety and efficacy.

"We are excited to partner with Gobi Partners GBA and leverage on their rich experience in nurturing start-ups into successful businesses," said ZHENG Zongli, PhD, Co-Founder and Chairman of GenEditBio. "This investment will allow us to cultivate our talent pool, accelerate our research engine and transform our cutting-edge genome-editing and drug delivery technologies to life-changing therapeutics to those in desperate need."

"This investment will enable us to stay at the forefront of genome editing as well as novel delivery and advance our multiple pipeline programs towards clinical studies," said ZHU Tian, PhD, Co-Founder and CEO of GenEditBio. "We are grateful for such strong support. Their extensive network of public and private sector partners and expertise in the biotech industry will be invaluable to realise our ambitious goals as we continue to innovate and excel."

"We are proud to be supporting GenEditBio's work in genome editing," said Chibo TANG, Managing Partner of Gobi Partners GBA. "We believe their innovative approach could lead to significant advancements in the field and we are excited about the potential of their technology to contribute to scientific progress and patient care. We very much look forward to working with them to make that vision a reality."

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