Hualan Bio's vaccine unit to raise $292m from Hillhouse, M&A specialist Liu Xiaodan

Hualan Bio's vaccine unit to raise $292m from Hillhouse, M&A specialist Liu Xiaodan

Photo: National Cancer Institute/Unsplash

Hualan Biological Vaccines, the vaccine unit of Chinese biopharmaceutical firm Hualan Biological Engineering (Hualan Bio), is raising a combined 2.07 billion yuan ($292 million) from Asia-focused private equity major Hillhouse Capital, and an investment vehicle led by Chinese investor Liu Xiaodan.