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D3 Bio Secures $108 Million in Series B Financing to Advance Global Clinical Programs

The $108 million Series B funding will support elisrasib's global Phase III trials for KRAS G12C-mutant cancers and advance D3 Bio’s targeted oncology pipeline, the company said.

  • Dec. 9, 2025, D3 Bio completed a $108 million Series B financing in Shanghai to primarily support the planned global Phase III pivotal program for elisrasib .
  • The company's discovery platforms leverage proprietary clinical insight and biomarker strategies and global rights for programs to advance targeted and immuno-oncology programs internationally.
  • The financing round was backed by investors including IDG Capital and SongQing Capital, with contributions from WuXi AppTec's Corporate Venture Fund, Temasek, HSG, MPCi and Medicxi, highlighting wide investor confidence.
  • This financing enables advancement of elisrasib into late-stage trials and highlights unique potential for patients with KRAS G12C‑mutant cancers.
  • Backed by established investors, robust involvement from new and current investors highlights widespread confidence in D3 Bio's innovative pipeline targeting driver mutations and critical immune pathways with first‑in‑class or best‑in‑class potential.
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D3 Bio Secures $108 Million in Series B Financing to Advance Global Clinical Programs

SHANGHAI, Dec. 9, 2025 /PRNewswire/ -- D3 Bio, a global clinical-stage biotechnology company focused on the discovery and development of innovative oncology therapeutics, announced the completion of a $108 million Series B financing round.

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PR Newswire broke the news in United States on Wednesday, December 10, 2025.
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