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Chinese Biotech Fundraising Pace Slows Down In September

 
• By Dexter Jie Yan

The $68m raised by Createrna in a series A round was the biggest biotech financing deal backed by venture capital firms in China in September. Two other noteworthy fundings in the country involved cell therapy specialist Qihan Biotech and therapeutic cancer vaccine maker Neoantigen Therapeutics.

funding
Chinese biotechs seems to have lost momentum raising funds from VC and PE firms • Source: Shutterstock

Chinese biotechs saw the pace of fundraising backed by venture capital and private equity firms slow down in September. Createrna Science and Technology bagged the largest cash injection of CNY500m ($68m) in a series A round during the month.

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