Chinese Bioventures Grab $860m In Latest Public Listing, Financing Dash

Accelerated initial public listings, multi-million dollar deals and hot investment fund influxes fuel an already record-setting July for biotech fundraising in China.

fund raising
Chinese bioventures continue to scoop up funds • Source: Alamy

It’s only half-way through the month of July but Chinese bioventures have already raised new funds at a record-setting pace to accelerate clinical development of their new drugs and cell therapies.

Notable among all the activity is Hangzhou-based Adlai Nortye Biopharma Co., Ltd., a cancer drug developer which has raised...

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