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 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

ChinaYantai

Website

dc-lnc.com

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
Yantai Lannacheng Biotechnology valuation by funding round
DateStageValuationRevenue Multiple
Jul 2025Series C$477M-
Feb 2025Series B$406M202.8x
Apr 2024Series 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

Yantai Lannacheng Biotechnology revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2025$2M$406M202.8xSeries 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

Yantai Lannacheng Biotechnology funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2025Series CYantai Dongcheng; Shandong New Growth Drivers Fund; China Cinda Asset Management$42M$477MYantai 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 2025Series BShanghai Linjue Enterprise Management Partnership; Yantai Dongcheng; Real Power Capital; Shanghai Hanchenming Enterprise Management Partnership$21M$406MYantai 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 2024Series BShenzhen Capital Group (lead); Zhejiang Longxin Equity Investment Management; Aohua Clean Energy; Yuanhe Capital; Yantai Finance; Qianhai Fund of Funds$42M$477MYantai 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

Investors in Yantai Lannacheng Biotechnology by funding rounds participated
InvestorHQRoundsRoleFirst check
Yantai DongchengChinaJinan2ParticipantFeb 2025
Zhejiang Longxin Equity Investment ManagementChinaShaoxing1ParticipantApr 2024
Aohua Clean EnergyChinaChina1ParticipantApr 2024
Shanghai Linjue Enterprise Management PartnershipChinaChina1ParticipantFeb 2025
Real Power CapitalChinaShanghai1ParticipantFeb 2025
Shandong New Growth Drivers FundChinaShandong1ParticipantJul 2025
Shenzhen Capital GroupChinaShenzhen1LeadApr 2024
Shanghai Hanchenming Enterprise Management PartnershipChinaChina1ParticipantFeb 2025
Yuanhe CapitalChinaChaoyang1ParticipantApr 2024
China Cinda Asset ManagementChinaChina1ParticipantJul 2025

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Yantai 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.

Public and private companies comparable to Yantai Lannacheng Biotechnology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Ollin BiosciencesUnited StatesUnited StatesPrivate--$500M-
KamadaIsraelIsraelPublicly listed$180M$37M$501M2.2x
OcumensionChinaChinaPublicly listed$120M($3M)$522M-
Shoreline BiosciencesUnited StatesUnited StatesPrivate--$528M-
Strand TherapeuticsUnited StatesUnited StatesPrivate--$550M-
SmartCellaSwedenStockholmPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Synmosa Biopharma$194M$37M2.7x2.6x14.3x-
Avacta Group$151K($38M)3134.1x177.0x(12.6x)(13.8x)
Vogenx-($1M)--(329.0x)-
Qyuns Therapeutics$120M$52M3.5x3.6x8.1x8.2x
Hyundai Bioscience$3M($14M)180.9x-(32.3x)-
YungShin Global Holding$263M$49M1.7x-9.1x-
Blau Farmacêutica$331M$94M1.4x1.3x5.0x5.3x
Indaptus Therapeutics-($21M)--(22.1x)-

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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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