Two-year-old firm attracts quarter-billion dollar investment in China
A record-breaking $260 million has been raised by CStone Pharmaceuticals, the largest series B financing round to have been completed by a Chinese biotech firm.
The Suzhou, China-based company raised the money from Singapore's sovereign wealth fund GIC Private Limited, together with a range of new and existing private investors.
The firm, which founded the Suzhou Translational Medicine Research Center in 2016 to bolster clinical research efforts, managed to collect $150 million in a 2016 series A round.
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