A Californian startup focused on oncology, Vivace Therapeutics, has raised $25 million in series B funding from a mainly Chinese consortium of investors.
The partnership represents a coming together of biotech investment and expertise from both sides of the Pacific, a sign of the growing confidence of the Chinese biotech complex.
Vivace is a true hybrid of Chinese and American influences, led by the Beijing-born former WuXi Ventures managing director Sofie Qiao and fellow LEAD Therapeutics co-founder Leonard Post, who was brought on board as the company’s chief scientific officer.
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