Share this article Share this article SHANGHAI, July 29, 2021 /PRNewswire/ -- Neukio Biotherapeutics, a newly established company, recently announced the completion of its $40m Angel round of financing led by Lilly Asia Venture (LAV), with the participation of IDG Capital and Sherpa Investments. The fund will be used mainly for the establishment of a research facility and development of allogenic off-the-shelf immune cell technology platforms and therapies. Allogenic cell therapy is among the most researched areas today and is on the verge of technology breakthrough. There are already assets in clinical trials globally. Neukio focuses on the development and commercialization of allogenic cell therapies from the iPSC-CAR-NK axis, through a combined approach of in-house innovation and external collaboration with world leading partners, for treating cancer patients worldwide.