AccurEdit Therapeutics, a startup based in Suzhou, China, has raised $75 million in Series A funding to advance its growing pipeline of CRISPR-based medicines — among the largest rounds on record for a Chinese gene editing company.
The funding, which hasn’t previously been reported by Western media, closed in September, AccurEdit confirmed to
Endpoints News
. The investment brings total funding to $116 million since AccurEdit’s founding in 2021.
While the full sum may be small by US standards, AccurEdit — like many other Chinese biotech startups — is already proving it can do more with less.
In an exclusive interview with Endpoints, founder and CEO Yongzhong Wang said AccurEdit has already tested CRISPR therapies for two cardiovascular diseases — transthyretin amyloidosis and familial hypercholesterolemia — in about 40 patients. Data from AccurEdit presented last year suggest efficacy and safety are on par with, and perhaps slightly better than, those of similar therapies being developed by companies in the US.
These results are why Wang says he’s not too concerned about perceptions that Chinese genetic medicine developers are largely imitating therapies developed by Western companies. “Perception holds a lot of power, but I don’t think — in the long term — perception is as powerful as data,” he said.
AccurEdit is also working on a third program that appears to be a first in the gene editing field. It’s trying to inhibit a gene called HSD17B13, which has emerged as a promising target for metabolic dysfunction-associated steatohepatitis (MASH), a prevalent liver disease previously known as NASH.
While other drugmakers, including GSK and Regeneron Pharmaceuticals, are in the early stages of designing or testing therapies that inhibit the same gene, AccurEdit’s approach would be a permanent fix instead of one that needs to be taken over time.
“This is a new target — the efficacy is not proven yet, so it’s kind of risky still,” Wang said. Clinical tests could begin in the second half of the year.
The new funding could support the company for about three years and help push at least two of its gene editing programs into Phase 2 studies and at least one of them into a Phase 3 study, Wang said.
Like many emerging Chinese biotech leaders, Wang got his start in the US. He earned his PhD at Tufts University and then worked at nearby Genzyme for five years. When Wang moved back to China in 2011, he rose through the ranks at Kanghong Biotech, becoming its CEO and helping take the company public.
Wang later hopped to leadership roles at other companies. After working on protein-based drugs for over a decade, Wang and a team of about 10 people who had stuck with him between companies were ready for a new challenge in genetic medicines.
Lipid nanoparticles had just proven their worth in the first Covid-19 vaccines, and Wang thought that nanoparticles would be key to making gene editing affordable. “We will be able to reduce the price to a very low level,” Wang said.
Promising data from Intellia Therapeutics helped. In June 2021, the Cambridge, MA-based company became the first to show that CRISPR could safely and effectively edit a problematic gene in people with transthyretin amyloidosis (ATTR), a heart and nerve disease.
A month later, AccurEdit and another Chinese startup called
YolTech Therapeutics
were founded to develop CRISPR therapies, with an initial focus on ATTR.
AccurEdit’s first major investors were China-based Legend Capital and Boston-based Cormorant Asset Management. They didn’t participate in the startup’s most recent funding round, which was led by two public Chinese companies: China Medical System Holdings and Tibet Pharmaceutical.
AccurEdit says it was the
first
in China to test an
in vivo
gene editing therapy — one administered directly inside the body — in August 2023. That patient was treated in an
investigator-initiated study
, a popular approach in China, cleared by hospitals rather than national regulators.
In AccurEdit’s lead program for ATTR, the highest dose tested (1 mg/kg) reduced transthyretin protein levels in the blood by more than 90% within four weeks. That reduction has kept stable for at least 72 weeks, according to data the company shared with Endpoints.
While Intellia has reported similar results in Phase 1 studies, Wang emphasized that AccurEdit has seen far lower rates of liver enzyme elevations than the rival’s therapy. (One of Intellia’s Phase 3 studies is
on hold
after a patient
died
in November.) AccurEdit said a Phase 2 study of its therapy is ongoing in China, and the company has clearance for a Phase 1 study in the US.
AccurEdit’s second program aims CRISPR at the well-studied gene PCSK9. Inhibiting the gene reduces low-density lipoprotein cholesterol (LDL-C)
Verve Therapeutics, a Boston company that Eli Lilly
acquired
for $1 billion last year,
reported
in April 2025 that the highest dose it tested (0.6 mg/kg) of its similar therapy reduced LDL-C by 53% and PCSK9 protein by 60%.
AccurEdit has seen even better results, albeit at higher doses (0.75 mg/kg and 1.0 mg/kg). Its therapy reduced LDL-C by almost 62% and PCSK9 by 88%, according to data shared with Endpoints.
The startup is also jumping on the red-hot trend of
in vivo
CAR-T therapies
, using lipid nanoparticles to reprogram immune cells to fight cancer or autoimmune disease directly in the body. The company hopes to begin a human study this year.