$200 million Avistone investment to support Pearl combination

9 December 2021

China-based Avistone Pharmaceuticals has received a strategic investment of more than $200 million led by Vivo Capital with participation from Bain Capital and Primavera Capital.

This investment will support the combination of Avistone with fellow cancer specialist company Pearl Biotechnology, aimed at creating a fully-integrated targeted oncology platform that will address unmet patient needs globally.

"Vision to become a global oncology leader"The strategic investment will also support the accelerated development of Avistone’s existing drug candidates, expand its product pipeline through both research and development efforts and business development, enable the combined business to capitalize on opportunities in certain markets outside of China, and scale its capabilities to prepare for commercialization.

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