GL Ventures leads $58.5m Series B round in China's GemPharmatech

GL Ventures leads $58.5m Series B round in China's GemPharmatech

GemPharmatech, a Chinese firm that provides gene-modified mouse models and related services, has secured over 400 million yuan ($58.5 million) in a Series B round of financing led by GL Ventures, the venture capital unit of Asia-focused private equity major Hillhouse Capital Group.