Chinese biotech firm RecBio raises over $227.4m in Series B round

Chinese biotech firm RecBio raises over $227.4m in Series B round

Photo: National Cancer Institute/Unsplash

Chinese biotech firm Rec-Biotechnology (RecBio) has secured over 1.5 billion yuan ($227.4 million) in its Series B round to fund the clinical trials of its product candidates including recombinant COVID vaccines.