China Digest: Oral care brand NYSCPS raises $62m; Sherpa leads $30m round in PAQ
July 20, 2021
Chinese oral care brand NYSCPS has raised nearly $62 million led by Huaxing Growth Capital. In a separate development, Sherpa Healthcare Partners has led a $30-million Series A round in the US-based biotech firm PAQ Therapeutics.
Huaxing Growth Capital invests in oral care brand NYSCPS
Huaxing Growth Capital, a flagship investment arm of investment bank China Renaissance, has led a 400-million-yuan ($61.6 million) Series B round in Chinese oral care brand NYSCPS, the investor announced on Monday.
Chinese investment companies Jinding Capital, CoStone Capital, and ABC Capital, which is affiliated with industry investment firm ABC Group, also participated in the round. Existing investors Sinovation Ventures, a venture firm led by ex-Google China head Kai-Fu Lee, and TikTok-owner ByteDance continued to back the Series B round.
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CAMBRIDGE, Mass., July 15, 2021 /PRNewswire/ PAQ Therapeutics, a biotechnology company pioneering a new approach to restoring heath and curing disease through autophagy, today announced the completion of its $30 million Series A financing. PAQ s approach and technology expands the therapeutic potential of autophagy - the body s most versatile mechanism for natural cellular degradation – to target not only disease-causing proteins but lipids, pathogens and other substrates with the goal of restoring health. Sherpa Healthcare Partners led the Series A financing with participation from Huagai Capital, MSA Capital, and MRL Ventures Fund, joined by seed investors, Nest.Bio Ventures and Matrix Partners China.
PAQ Therapeutics Launches with $30 Million Series A to Develop Novel Therapies through Autophagy-Dependent Degradation prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
going home: Professor Chryl Laird, who has garnered national media attention for her research on Black political behavior, has accepted an offer to join the faculty at the University of Maryland, her alma mater.
Marvin H. Green, Jr. Assistant Professor of Government Chryl Laird will be leaving Bowdoin at the end of the year for a new role at the University of Maryland (UMD), Laird announced on Twitter April 28. Laird has attracted national media attention for her 2020 book “Steadfast Democrats: How Social Forces Shape Black Political Behavior,” coauthored with Ismail White, professor of politics and public affairs at Princeton University, and has been featured as a frequent guest on various media outlets including CNN and MSNBC both during and after the 2020 election cycle.
FOODIE FRIDAY Students line up on Friday night for student activities weekly Friday food truck offering.
The Pinky D’s food truck, a mishmash of black and white checkers complemented by pink racing stripes, is nearly as colorful as the meal served out of it: poutine. The dish, a staple in Canada, is made of thick-cut fries topped with piping hot gravy and cheese curds, making it the perfect late night snack for hungry Bowdoin students.
The truck, owned by Randy and Deborah Smith, was created ten years ago but didn’t initially serve poutine. The Smiths originally planned to sell cupcakes out of the truck, but when the couple realized the profit margins would be too small, they switched to loaded tater tots, and then eventually to fries. The move to poutine was spurred on by customer requests.