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Announced

Completed

BioTrack Capital led a $19.2m funding round in Cargene.

Financials

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Transaction Value£14m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

Singapore

biotherapeutics

Private Equity

Venture Capital

Completed

Minority

Private

Single Bidder

biotechnology

biopharma

Friendly

Biotechnology

Synopsis

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BioTrack Capital, a dedicated healthcare venture capital firm, led a $19.2m funding round in Cargene, a preclinical-stage biopharmaceutical company, with particiption from Hyfinity Investments, Legendstar Capital and others. "Cargene reflects EVX's philosophy to invest in technologies that redefine the therapeutics of tomorrow. The cross border scientific ecosystems that Cargene is built upon will help fully realize oligonucleotides' therapeutic potential and create long-lasting and meaningful impact for patients worldwide," XQ Lin, Cargene Chairman.

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