China GPs commit $160m to local ADC player
DAC Biotech, a Chinese biotech company specializing in antibody-drug conjugates (ADCs) commonly used as targeted therapies for treating cancer, has raised RMB1 billion ($160 million) in Series C funding led by GL Ventures, CDG Capital, and CPE.
Other investors include Citic Securities, TigerYeah Capital, Wanhui Capital - which is controlled by Hong Kong’s K. Wah Group - and Zhejiang Kunjian Xintai Equity Investment, according to a statement....
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