Chinese precision medical firm Simcere bags $94m Series B from CITIC, others

Chinese precision medical firm Simcere bags $94m Series B from CITIC, others

Photo: Getty Images Pro via DealStreetAsia

China’s Jiangsu Simcere Pharmaceutical Group Limited announced on Friday that it has completed raising nearly 600 million yuan ($94 million) in a Series B round of financing co-led by state-backed conglomerate CITIC Group’s CITIC Securities and CITIC Medical & Health.