Chinese biotech secures funding to support CAR-T program
Privately-held Chinese biotech startup Immunochina has raised 50 million renminbi ($7.5 million) in a funding round.
Local press reports that the finance was provided by Legend Capital, Shengjing360 and Thiel Capital, the investment arm of American venture capitalist and PayPal co-founder Peter Thiel.
Immunochina, which is focused on cell and gene therapies, is reported to be one of only a few companies in China that owns all of its research and development infrastructure.
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