China's Kelun Biotech snaps $581m at pre-money valuation of $871m

China's Kelun Biotech snaps $581m at pre-money valuation of $871m

Photo by National Cancer Institute on Unsplash

Kelun Biotech, a subsidiary of Shenzhen-listed Kelun Pharmaceutical, has secured approximately 4 billion yuan ($581 million) from its parent firm and a slew of notable investors, according to a filing on the Shenzhen Stock Exchange on Friday.