Hope Medicine Raises $56 Million

Hope Medicine LogoHair loss cure or treatment development related funding is really starting to boom. And most encouraging of all, China is finally joining the fray with Hope Medicine and Kintor.

Hope Medicine (China) Raises $56 Million

Until now, Kintor Pharmaceutical (China) was the main reason for the excitement. However, this weekend, the participants on this site’s hair loss chat are discussing Hope Medicine. Out of the blue, this startup company received $56 million in a Series B round of financing. Investment firms Qiming Venture Partners and Grand Flight Investment led the way.

Other investors include: HighLight Capital; Sinovation Ventures (a venture capital firm led by former Google China head Kai-Fu Lee); and Trustbridge. More here.

Phase 2 Trials Starting Soon:

“Previously, HopeMed signed an exclusive license agreement with Bayer AG on the development and commercialization of a human antibody (HMI-115) targeting the prolactin (PRL) receptor for the treatment of male and female pattern hair loss. At present, HMI-115 has completed phase I clinical trials in the European Union, with positive safety results. The global multi-center phase II clinical trials for androgenic alopecia and will soon be launched.

Ruiping Xiao
Dr. Rui-Ping Xiao

Note that I first covered Hope Medicine in my 2019 post on its partnership with Bayer in regards to the prolactin receptor. The company was founded by Dr. Rui-Ping Xiao, the dean of the College of Future Technology of Peking University. Apparently, she is also an associate editor of the New England Journal of Medicine.

The most unusual part of this story is that Hope Medicine’s official website (hopemedinc.com) has not worked for weeks. I have e-mailed several of their employees, and will update this post if I get any response.

Increasing Hair Loss Company Funding

  • This latest news comes just one month after we heard that Aneira Pharma received $25 million from Valkyrie Group.
  • South Korea’s Han Bio also seems to have received enough funding to open its new dermal papilla storage plant in May 2021.
  • In September 2020, Stemson Therapeutics received $7.5 in additional funding.

18 thoughts on “Hope Medicine Raises $56 Million”

  1. The number of different approaches is amazing: cell-culturing, dht/hormones, antibodies, cell-signaling pathways, wounding, gene/Crispr, prostaglandines, lactate,…

    I hope something comes to fruition.

    Btw Stemore of Korea also works on antibodies. They renamed their company: “Epibiotech” – I always wonder why that is necessary as they don’t market a product (yet).

    1. There are a lot of moves happening in South Korea that we don’t know about yet, I speculate

  2. I notice that topical finasteride named “Caretopic” is out in Italy, not galenic version, it’s an industrial versione.

  3. Great article and progress in hair loss treatment angles. Nice too see so many different approaches to fight mpb. Sad thing is we have a 99.9% chance these all fail and we are just stuck with big 3 again. Makes you think what is going on behind the scenes.

  4. I’m really excited to see some of the long term results of this treatment. I always guessed DHT was a reason for hair miniaturization but was not the sole culprit. Fingers crossed on this one. It will certainly be expensive. Is it an injection that will be required periodically life long? Or for a certain period of time?

  5. Tired of painting my scalp with dermach every morning.. can we please cure this? I need a life :(

    1. Pfff replicel didnt say anything new ! Whats going on with stemson therapeutic human trials that are set to begin this year ? Please thank you!

  6. Researchers have found a way to heal skin tissue without scar formation… at least in mice :D

    The crazy part is that those mice also generated new hair follicles in this process, might be interesting if this works for human heads as well after hair transplants! And the best thing is the drug has already been approved almost 20yrs ago by the FDA for a certain eye disease.

    1. That s sound crazy good no ? I mean if this could work, it would be the end of hairloss or almost for women in my case no ?
      With 50 mg of spironolactone i don’t have hairloss…if this could regenerate hair follicles
      then i would maintain my new hair follicle while on spiro…
      But does that mean we would have to really damage our scalp to do so ?

  7. Stemson is our cure.. Unlimited supply of hair, for all forms of hair loss.. Forget all other bs, like Tsuji, or Histogen.

    Stemson is it.

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