China Merchants Group backs CDMO player Porton Advanced
Three entities under China Merchants Group (CMG) have led a USD 80m Series B round for Porton Advanced Solutions, a local contract development and manufacturing organisation (CDMO) that focuses solely on gene and cell therapy services.
China Merchants Health Care Holdings, a dedicated healthcare investment platform under CMG, China Merchants Capital, and China Merchants Securities Investment were the lead investors. Other commitments...
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