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Chinese Biotechs Feel Chill Wind Of Hesitant Investors

 
• By Dexter Jie Yan

Large or small, Chinese biotechs are receiving the cold shoulder from some investors amid souring investment sentiment. HanBio, Frontier and InnoCare have all seen their fundraising efforts hampered to various degrees.

hesitate
Hesitant investors hampering Chinese biotechs' fundraising efforts • Source: Shutterstock

Chinese biotechs are encountering investors who appear to have been balking at acquiring their new shares since early September, with one private equity funding scrapped, a re-financing deal reduced and size of an initial public offering diluted.

The out-of-the-blue PE deal collapse struck Shanghai-based HanBio Therapeutics, which was incubated by Sunshine Guojian Pharmaceutical as a developer of bispecific antibodies for oncology

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