Deals

Vivo Capital, Bain Back Chinese Biotech Firm in $200 Million Fundraising

  • Primavera also joins Vivo Capital-led series A round
  • Funding to support combination with Pearl Biotechnology
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Chinese biotechnology firm Avistone Pharmaceuticals has raised over $200 million in a series A round led by Vivo Capital in one of the largest such deals for the sector.

Private equity firms Bain Capital and Primavera Capital also participated in the fundraising, Beijing-based Avistone said in a statement.