China CRO player raises $50m to support US merger
DMed-Clinipace, a global contract research organization (CRO) with a presence in China, has raised $50 million in an extended Series C round led by Springhill Fund. Rock Springs Capital and Superstring Capital also took part.
The company is the product of a recent merger of China’s dMed Global and US-based Clinipace. The new funding has helped finance that transaction. Springhill Fund is a public equities unit under Qiming...
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