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Announced

Completed

Oriental Fortune Capital led a $100m Series B round in Bao Pharmaceuticals.

Financials

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Transaction Value£84m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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biopharmaceutical company

Acquisition

Domestic

Private Equity

Completed

Venture Capital

Single Bidder

China

Biotechnology

Private

Friendly

Minority

Synopsis

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Oriental Fortune Capital, a venture capital firm, led a $100m Series B round in Bao Pharmaceuticals, a biopharmaceutical company, with participation from Haitong Innovation and Guosheng Group-backed Sun Rock Capital. Shanghai-based recombinant protein and antibody drug specialist said that it will use the funds to drive the commercialization of core products in development and key clinical trials for new pipelines.

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