Announced
Completed
Financials
Sources
Tags
China
vaccine development
drug manufacturing
Domestic
Completed
Private
Minority
Friendly
Pharmaceuticals
Acquisition
Private Equity
Venture Capital
Synopsis
A consortium of investors including Sequoia Capital, China Merchants Medical and Healthcare Industry Equity Fund, WuXi AppTec and Greenwoods Investment led a $188m funding round in Stemirna Therapeutics, a drugs and vaccines maker. Additional investors include OrbiMed Healthcare Fund Management, China-focused Advantech Capital, Guoxin Guotong, CMB International, Efund, Forebright, Tsing Song Capital, and CITIC Securities. Stemirna is planning to use the proceeds to accelerate clinical trials of Covid-19 vaccine candidates, set up good manufacturing practice facility, and for pipeline advancement.
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