Novast logo — With state-of-the-art facilities and a pioneering team, we b...

Novast

With state-of-the-art facilities and a pioneering team, we bring advanced generic drugs to the U.S. market through strategic collaborations.

Founded 2005 51-200 employees Venture round Total: $1.50B Health Care, Manufacturing +1

General Information

Company Name Novast
Founded Year 2005
Employees 51-200
Industries Health Care, Manufacturing, Pharmaceutical
Funding Stage Venture round
Social

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About Novast

Novast leverages its state-of-the-art facilities and a pioneering team to introduce advanced generic drugs to the U.S. market through strategic collaborations. Specializing in the research, development, and production of value-added generic drugs, Novast targets the U.S. pharmaceutical market in partnership with leading channels.

As the first Chinese pharmaceutical company to sell products in the U.S., Novast collaborates with U.S. sales channels and original development enterprises. Its 18,000 square meters cGMP manufacturing facilities and a management team with extensive experience set the company apart, having applied for over 100 generic drug patents in the U.S.

Founded in 2005, Novast continues to grow in the Health Care, Manufacturing, and Pharmaceutical sectors. The company's last major infusion of capital was a CNY400.00M Venture Round investment on January 29, 2021, from investors HighLight Capital and Shiyu Capital.

Taxonomy: Pharmaceuticals, Generic Drugs, Research and Development, Drug Manufacturing, US Market Entry, cGMP Facilities, Patent Application, Drug Delivery Technology, Dosage Forms, US Sales Channels, Collaborations, Innovation, Value-Added Drugs, China-US Collaboration, Market Expansion

Funding Rounds & Investors (7)

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Funding Stage Amount Investors Lead Investors Date
Venture Round CNY400.00M 2
HighLight Capital, Shiyu Capital
29 Jan 2021
Series E CNY1.00B 4
HighLight Capital, Legend Capital +2
08 May 2020
Corporate Round $20.00M 1
Eli Lilly
12 Jun 2012
Series D $2.00M 1
Qiming Venture Partners
01 Sep 2011
Series C $2.90M 1
Qiming Venture Partners
01 Jun 2011
Series B $25.00M 3
New Enterprise Associates, Qiming Venture Partners +1
01 Jun 2009
Series B $50.00M 2
New Enterprise Associates, Qiming Venture Partners
01 Oct 2008

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FAQ About Novast

With state-of-the-art facilities and a pioneering team, we bring advanced generic drugs to the U.S. market through strategic collaborations.
Novast was founded in 2005.
Novast operates in Health Care, Manufacturing and Pharmaceutical. Its work centres on Pharmaceuticals, Generic Drugs, Research and Development and Drug Manufacturing.
Novast has approximately 51-200 employees.
Novast has completed 7 funding rounds, raising a total of $1.50B. The latest funding stage is Venture round.
Top alternatives and competitors to Novast include Pii (Pharmaceutics International, Inc.), Bostal Drug Delivery, Orbicular Pharmaceutical Technologies, Neutro Pharma (Pvt.) Ltd, Sinogen Biopharma. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Novast and Pii (Pharmaceutics International, Inc.) are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Novast, https://bouncewatch.com/company/novast, updated 26 March 2026. When citing, please name BounceWatch and link this page.

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