C-Bridge backs China pharma merger
China healthcare-focused GP C-Bridge Capital and Tasly Holding, a traditional Chinese medicine business, have agreed to invest $150 million in a newly-created entity formed through the merger of two local pharmaceutical companies.
The two companies are Shanghai-based Third Venture Biopharma (known as Tianjing Biopharma in Chinese) and Tianjin-based Tianshizhen Biotechnology. Under the agreement, Tasly will invest $38.25 million...
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