China drug development outsourcer raises $70m
Zhenge Biotech – a Shanghai-based contract development and manufacturing organization (CDMO) for large molecule drugs – has raised $70 million in Series B funding led by Qiming Venture Partners and IDG Capital.
CMB International, Lyfe Capital, and GT Capital are among the re-upping investors, according to a statement. They are joined by several government-related investment entities, such as Shanghai Financial...
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