Hillhouse, CITIC PE commit $75m to Chinese cancer drug developer
Hillhouse Capital and CITIC Private Equity have participated in a RMB450 million ($75 million) round of funding for BeiGene, a Chinese company that develops drugs to combat cancer.
The round also included existing angel and strategic investors, as well as an undisclosed US-based life sciences-focused public investment fund. Headquartered in Beijing, BeiGene has a team of 150 scientists...
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