KPCB, IDG-Accel invest $10m in China's EntreMed
KPCB China and IDG-Accel China have agreed to invest $10.7 million in EntreMed, a clinical-stage pharma company that develops drugs in the US and China for global release.
EntreMed will sell 4.5 million shares of common stock plus warrants to purchase a further 2.2 million shares to the two VC players. The investment will be channeled through KPCB's second China fund, which...
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