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Sequoia China co-leads $188m round in Covid vaccine developer Stemirna


Sequoia China co-leads $188m round in Covid vaccine developer Stemirna
Photo: National Cancer Institute/Unsplash
June 3, 2021
mRNA driven drugs and vaccines maker Stemirna Therapeutics on Thursday announced that it has raked in 1.2 billion yuan ($188 million) in a new funding round jointly led by Sequoia Capital China, state-backed China Merchants Medical and Healthcare Industry Equity Fund, Chinese global pharma major WuXi AppTec and Greenwoods Investment. 
The round also saw participation from a slew of investors including New York-based OrbiMed Healthcare Fund Management, China-focused Advantech Capital, China Reform Holdings’ sub-fund Guoxin Guotong, China Merchants Bank’s CMB International, Efund, Forebright, Tsing Song Capital, and CITIC Securities.  ....

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