Infinity-backed fund invests in China's Asymchem Laboratories
An Infinity Group-backed fund that targets the biomedical industry has committed RMB90 million ($14 million) to a RMB250 million round of financing launched by Tianjin-based Asymchem Laboratories.
The investment was made by Tianyi Medical Private Equity Fund, a joint venture fund started by Infinity Group and Tianjin Venture Capital (TJVC). Israel-based Infinity is itself the product of an alliance...
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