China's Innovent Biologics gets $260m Series D round
A fund controlled by China’s State Development & Investment Corporation (SDIC) has led a $260 million Series D round of funding for Innovent Biologics, a domestic biopharmaceutical company working on treatments for cancer, autoimmune disorders and heart disease.
Future Industry Investment Fund, which is managed by a subsidiary of SDIC, is the principal investor in the round. It is joined by the private equity division of China Life, Ping An Insurance, Taikang...
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