Home Roche Celebrates Inauguration of Roche Accelerator China with Board Visit; XellSmart Biomedical Joins as Stem Cell Therapy Innovator

Roche Celebrates Inauguration of Roche Accelerator China with Board Visit; XellSmart Biomedical Joins as Stem Cell Therapy Innovator

Sep 29, 2023 12:33 CST Updated 12:33
Roche

Oncology Drug Research, Development, and Manufacturing

XsellSmart

Stem Cell Therapy New Drug Developer

On September 28, Dr. Severin Schwan, Chairman of the Board of Directors of Roche Group, and Dr. Thomas Schinecker, Global CEO, led the Roche Group's Board of Directors and leadership team, along with the Roche China leadership team, to collectively attend the inauguration ceremony of the Roche China Accelerator Building.This is one of the key itineraries of the first collective visit to China by the Roche Group's Board of Directors and leadership team after many years.(Original link: Build a new landmark for R&D innovation! Roche China Accelerator Building officially completed)
Roche's emphasis and investment in new drug development are beyond doubt. In 2022 alone, Roche's global R&D investment exceeded 13 billion Swiss francs (94 billion RMB), making it the pharmaceutical company with the highest R&D investment for many consecutive years. As a strategic research center that Roche is focusing on developing, Roche China has internalized innovation into its development. The establishment of the Roche Accelerator marks another upgrade in Roche China's R&D strategy — Roche is transitioning from a model primarily focused on internal R&D to one that fosters win-win cooperation between internal and external parties, nurturing and incubating innovation.(Original link: Behind the Completion of Roche China Accelerator Building, the Logic and Approach of "Multinational Giants" Empowering Local Innovation Ecosystem)

Dr. Severin Schwan, Chairman of the Board of Directors of Roche Group, said at the ceremony:"I have personally experienced the innovative vitality and enormous potential here. We not only regard China as an important market, but are also committed to making China an innovation hub through open collaboration, bringing better healthcare solutions to patients in China and around the world. The Roche China Accelerator is a testament to empowering the local innovation ecosystem, and we hope to work hand-in-hand with partners in the ecosystem to accelerate innovation for the benefit of more patients."

Fig. | Roche Group Board of DirectorsDr. Schwan, Chairman of Roche, Delivers Speech at the Inauguration Ceremony of Roche China Accelerator
Figure | Representatives from Roche Group's Board of Directors and Roche China Leadership Team attend the milestone ceremony
Figure | Roche Accelerator Selected Member Company (XsellSmart)
A rare building in this industry that provides independent use for startups reveals not only a top-tier "office space" for local startups but also reflects a comprehensive set of standards from Roche Group for innovation and collaboration with Chinese local enterprises.This is particularly evident in the selection of member companies by the Roche China Accelerator.Compared with real estate-type parks that prefer to have as many入驻 enterprises as possible, they have extremely精细and严苛selection criteria.All are frontier fields with disruptive innovation potential on a global scale.
Among hundreds of applicants, only a dozen or so startups (including XsellSmart, the sole selected company in the stem cell therapy field) have received the pass, with an acceptance rate of less than 5%. The stringent selection criteria reflect Roche's commitment to genuine innovation without compromise. From the perspective of these startups, their willingness to participate in such a rigorous selection process and fierce competition is driven not only by Roche's brand influence but also by the respect for innovation embodied by Roche China Accelerator.(Original link: Behind the Completion of Roche China Accelerator Building, the Logic and Approach of "Multinational Giant" Empowering Local Innovation Ecosystem)Roche China Accelerator Building Officially Completed, Empowering Innovation Ecosystem Upgrade
About XsellSmart


XsellSmart Founder Dr. Li Xiang Has Focused on the Scientific Research and Industrialization of iPS-Derived Cell Innovative Drugs for Fifteen Years:

Dr. Li Xiang successively studied under several world-class scientists in the field of iPS-derived cells. As the first author or corresponding author, he published more than ten papers in top international journals such as Cell Stem Cell, with over a thousand citations. His research achievements were selected as the cover paper of Cell Stem Cell and the annual best paper of Cell Stem Cell, among others. Later, Dr. Li Xiang held key R&D positions and senior management positions at the Parkinson's Foundation in the United States, the U.S. iPS-derived cell therapy industry, and a publicly listed pharmaceutical company in China.

Since returning to China full-time to establish XsellSmart, under the comprehensive leadership of founder Dr. Li Xiang:

XsellSmart has assembled a full-time team with international competitiveness and industry background.The core team members of XsellSmart come from renowned universities and institutions both in China and abroad, including Peking University, Tsinghua University, Fudan University, Shanghai Jiao Tong University, Tongji University, the Chinese Academy of Sciences, as well as the University of Wisconsin and Johns Hopkins University in the United States, or from well-known companies in the cell therapy industry. The team possesses the most cutting-edge stem cell treatment technologies and translational experience in the international and industrial fields.

XsellSmart collaborates with multiple renowned universities, institutions, and Class III Grade A hospitals in China on related technologies and early clinical development. It serves as a member of the Professional Committee for Cell and Gene Therapy Product Regulation under the China Association for the Study of Drug Regulation, and as the vice-chairman unit of the China Stem Cell Industry Alliance, while also establishing a postdoctoral incubation station in Suzhou Industrial Park.

XsellSmart has operated a research and development center, a B+A grade GMP facility, and a quality control center totaling over 5,000 square meters. The company’s leading R&D pipeline for iPS-derived cell therapy for Parkinson's disease has completed core CMC development, established a complete clinical-grade process and quality control system, and successfully conducted the formal pilot production of clinical-grade neural cell therapeutic products. Preclinical studies on small and large animal models of Parkinson's disease have demonstrated safety and significant efficacy.XsellSmart's First Pipeline for iPS Differentiation into Dopamine Neuron Precursor Cells for Parkinson’s Disease Treatment Expected to Enter Registration Clinical Trial Phase in 2024.

Since its establishment by Dr. Li Xiang, XsellSmart has completed multiple rounds of financing amounting to hundreds of millions, led by well-known venture capital institutions such as Frees Fund, Qiming Venture Partners, Lilly Asia Ventures, and Sequoia China.From 2022 to 2023, under the overall downturn environment in the COVID-19 and pharmaceutical fields, Dr. Li Xiang led XsellSmart to complete an over 200 million yuan Series A financing round and a follow-up Series A+ round. The financing was jointly led by Qiming Venture Partners, Lilly Asia Ventures, Goldbell Horizon, and Sino New Capital, with continued investment from Sequoia China and Frees Fund. It also included joint investments from Oriza Holdings, Peking University Science and Technology Innovation Foundation, Alibaba Health, and Huatai Zijin.
2023In the year, XsellSmart stood out from hundreds of pharmaceutical companies and was officially selected into Roche Accelerator, becoming one of the fifteen cooperative member enterprises of Roche Accelerator in China.XsellSmart is accelerating the research and industrialization of its iPS-derived cell therapy for Parkinson's disease under the cooperation and support of a global team of professional consultants and accompanying scientific resources provided by the Roche system.
XsellSmart was rated as one of the top 50 in the 2022 China Innovation and Entrepreneurship Competition National Finals (First Place in the biopharmaceutical field), consecutively won the Excellence Award in the 2021 and 2022 National Disruptive Technology Innovation Competition Finals (Top 2% nationwide), and was recognized as a potential unicorn enterprise in China in 2022, a potential unicorn enterprise in Jiangsu Province, and a unicorn cultivation enterprise in Suzhou City.Top 10 Most Growth-Oriented Innovative Therapy Companies in China's Biomedical Industry Value List 2023, Venture50 New Bud List and Healthcare Double Lists 2022, Best Sci-Tech Innovation Company 2022 by The Science and Technology Innovation Board Daily, Top 5 Most Investment-Potential Emerging BioTech Companies 2022, VB-Find Award: Top 100 Most Innovative Medical Technology Products 2022.China's "Xinhua Daily" successively reported on the front page and as a feature story about "XsellSmart," which has been awarded the "National Ministry of Science and Technology Disruptive Technology Excellence Project (Top Prize)" for two consecutive years.

Recommended Reading

1.【Official Announcement】Alibaba Health and Hua Tai Zijin Complete Additional Investment in Series A Financing for XsellSmart, Supporting XsellSmart's R&D and Industrialization of iPS-Derived Cell Therapy for Neurological Diseases

2. Thermo Fisher Scientific Global Senior Management Visits XsellSmart to Accelerate Strategic Cooperation in iPS-Derived Cell Drug Research

3. XsellSmart Honored with Multiple Industry Awards and Recognitions in 2022, Featured in Frost & Sullivan's iPS Industry Development Blue Paper

4.XsellSmart Ranks on Zhiyin Innovative Drug "Future Unicorn 30" List

5.XsellSmart Won the Top 50 in the 11th China Innovation and Entrepreneurship Competition National Finals and Second Place in the Start-up Group Nationwide

6.Dr. Li Xiang, Founder of XsellSmart, Honored on "36Kr 2022 Global Chinese Elite Power 100" List

7.XsellSmart Listed on "2022 China Sci-Tech Innovation Good Company" Ranking by The STAR Market Daily

8.XsellSmart Ranks on CIC灼识咨询 "灼耀热力榜" 2022 Annual "灼耀之星" Enterprise List

9.XsellSmart Rated as a Potential Unicorn Enterprise in Jiangsu Province and Ranked in VB-Find Award TOP100

10.China Stem Cell Industry Alliance Officially Established, Dr. Li Xiang Serves as Vice Chairman, XsellSmart Serves as Vice Chairman Unit


Contact Us

Company Address: 6th Floor, Building 1, Jinling Valley Technology Park, No. 525 Yuanjiang Road, Minhang District, Shanghai; Unit 201, Building 3, Phase III Project B Area, Biomedical Industrial Park, No. 99 Jingu Road, Suzhou Industrial Park

Contact phone: 021-64027719

Resume Submission: hr@xellsmart.com

Official Website: http://www.xellsmart.com