Qiming invests China insulin with Gan & Lee
Qiming Venture Partners has committed just over $14.5 million to Gan & Lee Pharmaceutical Co. Ltd., a PRC manufacturer of insulin that claims to have Asia's largest recombinant insulin manufacturing site.
Dr. Gan Zhongru, Gan & Lee's founder, launched the first human recombinant insulin injection program in China in 1998. Gan & Lee will use the funding to expand its R&D, sales and marketing efforts. China...
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