Lee's Pharmaceutical spin-out gets $145m Series B
Hong Kong-based Zhaoke Ophthalmology Pharmaceutical (ZKO), a subsidiary of Lee’s Pharmaceutical, has raised a $145 million Series B round led by Hillhouse Capital and TPG Asia.
Loyal Valley Capital, Aier Eye Hospital, and OrbiMed Group also joined the round. It reduces Lee’s Pharmaceutical’s stake from 48.5% to 34.1%. Hillhouse and TPG will each own 7.44%, while Loyal Valley...
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