Related Party Transactions

12 Months Ended

Dec. 31, 2018

Related Party Transactions [Abstract]

Related Party Transactions

13. Related party transactions

The table below sets forth the major related party and the relationship with the Group as of December 31, 2018:

Company Name	Relationship with the Group
Quan Venture Fund I, L.P.	Significantly influenced by Samantha Du, founder, chairman and CEO of the Company
Qiagen (Suzhou) Translational Medicine Co., Ltd.	Significant influence held by Samantha Du’s immediate family

In 2018, the Group incurred $125,679 research and development expense with Qiagen (Suzhou) Translational Medicine Co., Ltd. for drug research and development services.

On April 30, 2017, the Group disposed its investment in a cost method investee to Quan Venture Fund I, L.P. for a cash consideration of $500,000 and no gain/loss was recognized upon disposal.