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- Yantai Lannacheng Biotechnology
Yantai Lannacheng Biotechnology Revenue, Valuation, Funding & Investors
Yantai Lannacheng Biotechnology is valued at $477M as of July 2025.
Last Yantai Lannacheng Biotechnology valuation
$477M
Series C · Jul 2025
Last Yantai Lannacheng Biotechnology funding round
$42M
Series C · Jul 2025
Yantai Lannacheng Biotechnology revenue
$2M
Series B · Feb 2025
Key investors in Yantai Lannacheng Biotechnology
Yantai Dongcheng
Shenzhen Capital Group
Qianhai Fund of Funds
Yuanhe Capital
China Cinda Asset Management
Real Power Capital
Yantai Lannacheng Biotechnology Overview
About Yantai Lannacheng Biotechnology
Yantai Lannacheng Biotechnology is a Yantai-based biotechnology company that develops class I integrated platforms for diagnosis and therapy using novel nuclear radiopharmaceuticals targeting tumors. The firm advances research in targeted radionuclide therapies and diagnostic agents for oncology applications. Its platform supports development of precision medicines for cancer treatment in China.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$2M (Feb 2025)
Valuation
$477M (Jul 2025)
Yantai Lannacheng Biotechnology Valuation
Yantai Lannacheng Biotechnology is currently valued at $477M, based on its Series C in July 2025.
The $42M round included Yantai Dongcheng, Shandong New Growth Drivers Fund and China Cinda Asset Management.
Yantai Lannacheng Biotechnology's valuation has moved from $477M at its Series B in April 2024 to $477M in July 2025, across 3 priced rounds.
Yantai Lannacheng Biotechnology valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2025 | Series C | $477M | - |
| Feb 2025 | Series B | $406M | 202.8x |
| Apr 2024 | Series B | $477M | - |
Yantai Lannacheng Biotechnology Revenue
Yantai Lannacheng Biotechnology's latest recorded revenue is $2M, as of its Series B in February 2025.
Yantai Lannacheng Biotechnology revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Feb 2025 | $2M | $406M | 202.8x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Yantai Lannacheng Biotechnology Funding History
Yantai Lannacheng Biotechnology has raised a total of $104M across 3 funding rounds.
Yantai Lannacheng Biotechnology's first fundraising round was a $42M Series B in April 2024. The most recent completed round was a $42M Series C in July 2025.
Yantai Lannacheng Biotechnology funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Series C | Yantai Dongcheng; Shandong New Growth Drivers Fund; China Cinda Asset Management | $42M | $477M | Yantai Lannacheng Biotechnology Co., Ltd., a subsidiary spin-off from Yantai Dongcheng Pharmaceutical Group, specializes in nuclear medicine, developing a pipeline of 13 drug candidates including seven diagnostic radiopharmaceuticals and six therapeutic ones. Its core product, 18F-LNC1001 (PSMA-targeted PET diagnostic), is in Phase III trials with an NDA expected in 2026. The company completed its Series C financing round on July 20, 2025, raising CNY 340.41 million from investors including China Cinda Asset Management Co., Ltd., Shandong New Growth Drivers Fund Management Co., Ltd., Yantai Dongcheng Pharmaceutical Group Co., Ltd., and others, at a post-money valuation of approximately RMB 3.29 billion. This funding supports advancement of its radiopharmaceutical platform amid China's nuclear medicine boom. Lannacheng has filed for an IPO on the Hong Kong Stock Exchange main board, sponsored by China International Capital Corporation (CICC), aiming to be among China's first publicly listed nuclear medicine firms. It plans a 4,900-square-meter GMP production base in Yantai for 2026 operations to enable commercialization, though cash reserves stood at RMB 171 million as of September 2025, limiting large-scale builds. The company relies heavily on its parent Dongcheng for procurement (40% linked) and faces a valuation adjustment mechanism (VAM) due to ongoing losses totaling nearly RMB 300 million over 2.5 years with no commercialized products yet. Financials show heavy R&D investment: RMB 109 million in 2023, RMB 115 million in 2024, and RMB 55.5 million in H1 2025, against minimal revenues from interest, grants, and investments—RMB 1.027 million (2023), RMB 11.279 million (2024), RMB 813,000 (H1 2025). Strategic collaborations, like with Harbour BioMed for next-generation radionuclide drug conjugates (RDCs), leverage Lannacheng's radioisotope supply, linker design, and GMP capabilities alongside antibody tech for targeted oncology therapies with theranostic potential. The firm benefits from China's improving isotope supply, such as lutetium-177 from CNNC, enabling focus on drug development in a sector attracting over RMB 5 billion in 2025 funding. |
| Feb 2025 | Series B | Shanghai Linjue Enterprise Management Partnership; Yantai Dongcheng; Real Power Capital; Shanghai Hanchenming Enterprise Management Partnership | $21M | $406M | Yantai Lannacheng Biotechnology Co., Ltd., a subsidiary of Dongcheng Pharmaceutical, develops radiopharmaceuticals including diagnostic and therapeutic drugs targeting PSMA, αvβ3, and FAP for cancers like prostate adenocarcinoma, non-small cell lung cancer, and stomach cancer. Its pipeline features 13 candidates, with key assets like 18F-LNC1001 (PSMA-targeted PET diagnostic) in Phase III trials expecting NDA in 2026, and others in Phase 3, 2/3, and Phase 1. The company plans a 4,900-square-meter GMP production base in Yantai for 2026 operation to support commercialization. No details match the specified February 2025 funding round with Real Power Capital, Shanghai Hanchenming Enterprise Management Partnership, Shanghai Linjue Enterprise Management Partnership, and Yantai Dongcheng; a separate CNY 340.41 million funding from Yantai Blue Medicine Valley is noted, and Series C in July 2025 achieved approximately RMB 3.29 billion post-money valuation. The company has filed for IPO on the Hong Kong Stock Exchange main board with CICC as sponsor, amid parent Dongcheng's strategy to spin off its nuclear medicine segment for self-sufficiency. Financials show heavy R&D investment with expenses of RMB 109 million in 2023, RMB 115 million in 2024, and RMB 55.5 million in H1 2025, alongside minimal revenues of RMB 1.027 million in 2023, RMB 11.279 million in 2024, and RMB 813,000 in H1 2025 primarily from interest, grants, and investments. Cumulative losses neared RMB 300 million over 2.5 years with no commercialized products and reliance on parent for 40% procurement. Cash stood at RMB 171 million as of September 2025, insufficient for major builds, and includes valuation adjustment mechanisms. |
| Apr 2024 | Series B | Shenzhen Capital Group (lead); Zhejiang Longxin Equity Investment Management; Aohua Clean Energy; Yuanhe Capital; Yantai Finance; Qianhai Fund of Funds | $42M | $477M | Yantai Lannacheng Biotechnology Co., Ltd., established in 2021, is a subsidiary of Dongcheng Pharmaceutical that focuses on research and development and production of novel targeted radiopharmaceuticals for both diagnostic and therapeutic applications. The company is a pre-profit biotech firm with no commercialized products on the market, having incurred nearly RMB 300 million in losses over two and a half years as of its IPO prospectus submission. Yantai Lannacheng completed Series C financing in July 2025, achieving a post-money valuation of approximately RMB 3.29 billion. Prior to this round, the company attracted investments from prominent institutions including Shandong New Momentum, Greenwoods Capital, Shenzhen Capital Group, Qianhai Ark, and the Yantai State-Owned Assets Supervision and Administration Commission. As of September 22, 2025, Lannacheng has built a pipeline of 13 drug candidates, including seven diagnostic radiopharmaceuticals and six therapeutic radiopharmaceuticals. Its core products include 18F-LNC1001, a PSMA-targeted PET diagnostic drug in Phase III clinical trials with an expected New Drug Application in 2026, and 177Lu-LNC1011, a prostate cancer therapeutic radiopharmaceutical in Phase II trials. The company plans to construct a 4,900-square-meter GMP production base in Yantai scheduled for operation in 2026 to support future commercialization, though with only RMB 171 million in cash and equivalents as of the IPO prospectus, it lacks sufficient capital for large-scale infrastructure development. Following its IPO prospectus submission, the company is pursuing a listing on the Hong Kong Stock Exchange's main board, with China International Capital Corporation serving as exclusive sponsor. |
Who has invested in Yantai Lannacheng Biotechnology?
12 investors have backed Yantai Lannacheng Biotechnology across its funding rounds, including Yantai Dongcheng, Shenzhen Capital Group, Qianhai Fund of Funds, Yuanhe Capital, China Cinda Asset Management and Real Power Capital.
Lead investors include Shenzhen Capital Group.
Yantai Lannacheng Biotechnology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Feb 2025 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Lead | Apr 2024 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Jul 2025 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialYantai Lannacheng Biotechnology Competitors
Yantai Lannacheng Biotechnology competitors include listed companies like Kamada and Ocumension, and private ones like Ollin Biosciences, Shoreline Biosciences, Strand Therapeutics and SmartCella.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Publicly listed | $180M | $37M | $501M | 2.2x | ||
| Publicly listed | $120M | ($3M) | $522M | - | ||
| Private | - | - | $528M | - | ||
| Private | - | - | $550M | - | ||
| Private | - | - | $575M | - |
Yantai Lannacheng Biotechnology Public Comps
Yantai Lannacheng Biotechnology is still privately-owned, but its public comps include Synmosa Biopharma, Avacta Group, Vogenx, Qyuns Therapeutics, Hyundai Bioscience, YungShin Global Holding, Blau Farmacêutica, Indaptus Therapeutics, SanBio and Medistim.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $194M | $37M | 2.7x | 2.6x | 14.3x | - | |||
| $151K | ($38M) | 3134.1x | 177.0x | (12.6x) | (13.8x) | |||
| - | ($1M) | - | - | (329.0x) | - | |||
| $120M | $52M | 3.5x | 3.6x | 8.1x | 8.2x | |||
| $3M | ($14M) | 180.9x | - | (32.3x) | - | |||
| $263M | $49M | 1.7x | - | 9.1x | - | |||
| $331M | $94M | 1.4x | 1.3x | 5.0x | 5.3x | |||
| - | ($21M) | - | - | (22.1x) | - | |||
This data is available for Pro users. Sign up to see all Yantai Lannacheng Biotechnology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Yantai Lannacheng Biotechnology
| When was Yantai Lannacheng Biotechnology founded? | Yantai Lannacheng Biotechnology was founded in 2021. |
| Where is Yantai Lannacheng Biotechnology headquartered? | Yantai Lannacheng Biotechnology is headquartered in Yantai, China. |
| Is Yantai Lannacheng Biotechnology publicly listed? | No, Yantai Lannacheng Biotechnology is a private, VC-backed company. |
| What is Yantai Lannacheng Biotechnology's valuation? | Yantai Lannacheng Biotechnology was last valued at $477M in its Series C in July 2025. |
| How much funding has Yantai Lannacheng Biotechnology raised? | Yantai Lannacheng Biotechnology has raised $104M across 3 funding rounds. |
| What was Yantai Lannacheng Biotechnology's last funding round? | Yantai Lannacheng Biotechnology's last funding round was a $42M Series C in July 2025. |
| Who are Yantai Lannacheng Biotechnology's investors? | Yantai Lannacheng Biotechnology's investors include Yantai Dongcheng, Zhejiang Longxin Equity Investment Management, Aohua Clean Energy, Shanghai Linjue Enterprise Management Partnership, Real Power Capital, Shandong New Growth Drivers Fund, Shenzhen Capital Group, Shanghai Hanchenming Enterprise Management Partnership, Yuanhe Capital, China Cinda Asset Management and 2 others. |
| What is Yantai Lannacheng Biotechnology's revenue? | Yantai Lannacheng Biotechnology's latest recorded revenue is $2M (February 2025). |
| Which companies are comparable to Yantai Lannacheng Biotechnology? | Companies comparable to Yantai Lannacheng Biotechnology include Ollin Biosciences, Kamada, Ocumension, Shoreline Biosciences, Strand Therapeutics and SmartCella. |
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