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Temasek, Lake Bleu lead $156m Series C round for Chinese vaccine developer RecBio Photo by Diana Polekhina on Unsplash June 14, 2021 Rec-Biotechnology (RecBio), a Chinese developer of genetically engineered vaccines, has secured about 1 billion yuan ($156.3 million) in a Series C round of financing jointly led by Singapore state investor Temasek Holdings and Hong Kong-based asset manager Lake Bleu Capital. Chinese asset management company E Fund Management and private equity firm Boyu Capital participated in the round, alongside existing shareholders such as Legend Capital, an investment unit of China’s Legend Holdings, healthcare fund LYFE Capital, and Sequoia Capital China. The new financing came about seven months after it raked in over 1.5 billion yuan in a Series B round in November 2020. Its Series A round, which was closed in January 2019, collected 500 million yuan from investors including Chinese venture capital firm Oriental Fortune Capital, and CR ....
Carlyle-backed Chinese biotech firm Abbisko Therapeutics plans HK IPO dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.