Goldman Sachs Asset Management, a private equity arm of Goldman Sachs, led a Series B financing round in Puyi Biotechnology, a provider of high-value medical devices. Financial terms were not disclosed. "We are impressed by the Puyi Biotechnology team and their strong bioengineering capability. The company's CRS implant is a first-to-market product targeting patients in China, many of whom experience deteriorating conditions as a result of physiological and environmental factors. In addition, the company has transplanted its core competency to serve the field of gynecology. Puyi Biotechnology's intrauterine implant device is a potential first-in-class product to treat intrauterine adhesion – a leading cause of infertility globally. We are excited by the prospects of the company's product portfolio in raising the standard of care and look forward to helping Puyi grow its ecosystem," said Kevin Xu, Goldman Sachs Asset Management Managing Director.