Chinese biopharma firm LianBio bags $310m from CMG-SDIC, others

Chinese biopharma firm LianBio bags $310m from CMG-SDIC, others

Source: Volodymyr Hryshchenko/Unsplash

Shanghai-headquartered biopharmaceutical company LianBio has raised $310 million in an oversubscribed crossover financing round co-led by US healthcare-focused investment firm RA Capital and Venrock Healthcare Capital Partners, besides CMG-SDIC Capital – a 10 billion yuan ($1.5 billion) fund jointly launched by state-owned SDIC Fund and China Merchants Capital.