BioCentury
ARTICLE | Finance

Jacobio’s ladder

How Chinese R&D incubator Jacobio plans to deploy its $55M series C

September 6, 2018 11:58 PM UTC

Beijing Jacobio Pharmaceutical Co. Ltd. plans to use its $55 million series C round to fuel its creation of spinouts housing internally developed assets.

Existing investor Qiming Venture Partners led the tranched round, which closed on Aug. 30 with participation from new investors Hillhouse Capital and Prudence Investment Management. ...