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China Investment Roundup: Active Deal-Making In Precision Medicine

 
• By Ying Huang

Winter is coming, yet China’s financial market is still hot for healthcare companies looking at a prosperous period of investment before the year ends. Capital investments from Chinese investors dramatically increased in November, particularly in the precision medicines segment. Although Chinese Creat Group’s expected record-breaking outbound pharmaceutical acquisition deal worth $1.5bn failed to gain US approval, cross-border M&A remained active.

Piggy bank

China’s healthcare industry has seen an increased level of financing activity in November, with a total of 24 deals in mostly early stage fundraisings for precision medicine and cell therapy. Among those deals, Frontline BioVentures committed to five investments alone, leading the domestic venture capitalists.

China set precision medicine derived from next-generation genomic sequencing (NGS) technology as one of the nation’s foremost science and technology...

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