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COMPANY RESEARCH

Polymed Biopharmaceuticals (Hangzhou)

An original joint announcement with Photys on 2026-08-13 reports Phase 1 healthy-volunteer dosing of HPB-143/PHT-776. Polymed licensed development and commercialization rights outside Greater China and Southeast Asia to Photys.

Company at a glance

Corporate information

Company entity
Hangzhou Polymed Biopharmaceuticals(Hangzhou)
Headquarters / principal office
Operations in Hangzhou, China, and Cambridge, MassachusettsThe source says based in both locations; no sole headquarters is inferred. ↗
Founded
2019 ↗
Ownership / capital status
PrivatePre-Series A+ launched / seeking Series A in 2025 (closing status not verified) ↗ ↗
Official corporate reference
https://www.polymedbiopharma.com/en/ ↗
LinkedIn company page
LinkedIn ↗ ↗
Latest financing / award identified
2021-07-30 · Pre-Series A (historical completed round disclosure) · RMB 50 million ↗

The company separately announced the launch of a pre-Series A+ round in 2022, without a closing date or amount.

Profile review: 2026-11-04 · Fields retain their individual source dates. Undisclosed values are not zero; early or historical events do not establish the latest financing. Awards and acquisitions are distinguished from equity rounds.

Disease tags match recorded text mentions and require program-level verification.

Technology, programs & evidence

An original joint announcement with Photys on 2026-08-13 reports Phase 1 healthy-volunteer dosing of HPB-143/PHT-776. Polymed licensed development and commercialization rights outside Greater China and Southeast Asia to Photys.

Program / serviceTarget / indicationRepresentative stageEvidence & scope
HPB-143 / PHT-776IRAK4; KRAS G12D / EGFR (preclinical or stage unverified) · See individual trial / indication; not individually confirmed in this reviewPhase 1IND / clinical entry disclosed; public human results not confirmed in this review

Related news & literature

Company-name matches are discovery leads; verify entity identity and transaction roles in the original source.

No cataloged update explicitly mentions this company.

Same-field reading (not company-specific)
Nature Materials

In situ CAR engineering and nanoparticle-mediated TREM2 degradation for macrophage reprogramming in malignant ascites

A Nature Materials study describes mRNA-loaded LNPs that reprogram tumor-associated macrophages into Claudin18.2-targeting CAR macrophages. The lipid formulation also promotes TREM2 internalization and degradation, reshaping immune responses. The original abstract reports tumor suppression and longer survival with PD-1 blockade in mice, plus ex vivo patient-sample findings. These findings do not demonstrate clinical efficacy in treated patients.

Frontiers in Pharmacology

Review assesses the safety limits and translational gaps of MCL-1 degradation strategies

A Frontiers in Pharmacology review compares direct MCL-1 inhibition with approaches that reduce its abundance, including transcriptional interventions and targeted degradation. The original abstract highlights limited single-agent activity and cardiac safety concerns with inhibitors, while positioning degradation as an unvalidated clinical strategy. Biomarker-guided combinations and dynamic BH3 profiling are discussed; this review does not report a new clinical trial.

Evommune and Hinova / Business Wire

Evommune licenses Hinova's VAV1 molecular glue degrader outside Greater China

Evommune licensed EVO570, formerly HC118, from Hinova for development and commercialization outside Greater China. Upfront consideration totals $30 million: $20 million cash and $10 million in pre-funded warrants. Additional development, regulatory, and commercial milestones could reach approximately $1.1 billion, plus royalties. Phase 1 was expected to begin shortly; the announcement does not establish human efficacy.

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Sources & open questions

  • This is the same asset as Photys's, not another independent drug. Website projections for KRAS, EGFR, and DAC clinical entry are not actual dosing evidence. HPB-092 is an inhibitor and is excluded from the degradation pipeline.
  1. PHT-776/HPB-143 Phase1 initiation ↗Photys Therapeutics · 2026-08-13
  2. Polymed pipelines ↗Polymed · Undated · 2026-10-31accessed
  3. Polymed完成5000万元Pre-A融资 ↗Polymed · 2021-07-30
  4. Polymed Biopharmaceuticals 公司主页 ↗Polymed/LinkedIn · Not stated
  5. Polymed启动Pre-A+融资 ↗Polymed · 2022-11-28
  6. Biotech Showcase 2025公司提报简介 ↗Polymed/Informa · 2025-01
  7. Polymed Biopharmaceuticals ↗Polymed Biopharmaceuticals(杭州) ·
  8. Polymed — IRAK4 PROTAC licensing and corporate locations ↗Hangzhou Polymed Biopharmaceuticals(Hangzhou) · 2025-02-26

Inclusion is not endorsement or partner qualification. Assess company claims, clinical evidence, and project-specific capabilities separately.

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