Hillhouse, CITIC PE-Backed BeiGene Files For US IPO

Beijing-based oncology research and development firm BeiGene (Beijing) Co., Ltd., backed by Hillhouse Capital and CITIC Private Equity, has filed for an initial public offering in the U.S., according to a securities filing. The prospectus did not reveal any financial details of the offering yet, but it is disclosed that Hilhouse Capital owns 9.9% and CITIC Private Equity holds 6.4% of BeiGene. It’s unclear if the investors are selling shares in the planned float. In May, BeiGene completed a round …

Shanghai Pharma Seeks $469M For Healthcare Venture Fund

Chinese drug maker Shanghai Pharmaceuticals Holding Co., Ltd. plans to launch a venture capital investment fund to back promising healthcare start-ups, with a fundraising target of RMB3 billion (US$469 million), according to a securities filing. The fund will first seek to raise RMB1 billion (US$160 million), while Shanghai Pharma says it will commit RMB250 million.

CITIC PE-Backed 3SBio Acquires Wansheng Pharma

Shenyang, Liaoning province-based Chinese bio-pharmaceutical firm 3SBio Inc., backed by CITIC Private Equity Funds Management Co. (CITIC PE), has acquired small molecule manufacturing firm Zhejiang Wansheng Pharmaceutical Co., Ltd. for RMB528 million (US$85 million), according to a company announcement. The company just completed an initial public offering in Hong Kong, raising net proceeds of HK$4.17 billion (US$538 million). Around a quarter of the share sale was existing investors selling their shares.

WuXi PharmaTech Unit To Raise $80M In New Funding

Chinese contract research and development services provider for the pharmaceutical industry WuXi PharmaTech (Cayman) Inc. says its small-molecule drugs manufacturing subsidiary is in the process to raise RMB499 (US$80 million) from 33 unnamed Chinese institutional investors, according to a company announcement. The unit, SynTheAll Pharmaceutical Co. Ltd., has agreed to issue 7.16 million new common shares, or around 6% of its current total shares outstanding, to the investor group in a private placement deal.

CITIC PE-Backed 3SBio Seeks $712M Hong Kong IPO

Shenyang, Liaoning province-based Chinese bio-pharmaceutical firm 3SBio Inc., backed by CITIC Private Equity Funds Management Co. (CITIC PE), is seeking to raise as much as US$712 million in a Hong Kong initial public offering, according to a securities filing. The company is offering 606.1 million shares at HK$8.30 to HK$9.10 apiece, with a valuation of roughly US$2.85 billion.

Fosun, Hopu Among Investors Acquiring Biotech Firm Ambrx

A Chinese investor consortium has agreed to acquire San Diego, California-based biotechnology firm Ambrx Inc., according to a company announcement. The investors include entities affiliated with Shanghai Fosun Pharmaceutical Group, Chinese private equity firm Hopu Investments, a healthcare investment fund under China Everbright Limited, and WuXi PharmaTech, a Chinese research and development service provider for pharmaceutical companies.

Hony Capital Offloads CSPC Pharma Shares For $1.26B

Beijing-based Chinese private equity firm Hony Capital has offloaded 1.37 billion shares of Chinese generic drugs maker CSPC Pharmaceutical Group Limited at HK$7.15 per share, according to a securities filing. The selling price represents a 4.4% discount to the company’s last closing price of HK$7.48 on Thursday. The transaction generated total proceeds of approximately HK$9.796 billion (US$1.26 billion) for the investment firm.

Qiming, TF Capital Lead $10M Series A In CANbridge Life Sciences

Beijing-based bio-pharmaceutical company CANbridge Life Sciences Ltd. has completed US$10 million series A financing from Qiming Venture Partners and TF Capital, a venture fund started by Chinese contract research organization, Hangzhou Tigermed Consulting Co., according to a company announcement. Founded in 2012, CANbridge has been mostly funded by angel investment from U.S. and Chinese life science executives. The company says it will use the proceeds for the continued expansion of its business development and operations.

BVCF Leads Series A Round For Shanghai Drug Maker CARsgen

Shanghai-based immunotherapy firm CARsgen says it has completed an undisclosed amount of series A financing led by Shanghai-based BVCF, a growth capital-focused private equity fund specializing in the life sciences industry, according to a company announcement. CARsgen focuses on the development of new therapeutics for liver, lung, stomach and brain cancers. In collaboration with Shanghai Cancer Institute and Shanghai Renji Hospital, the company plans to initiate clinical studies for its therapeutic KJgpc3-001, which takes T-cells extracted from the patient, genetically …

Cathay Capital Invest $24.5M In Kunming Shenghuo Pharma

Sino-French private equity firm Cathay Capital Private Equity says it has invested RMB150 million (US$24.5 million) in traditional Chinese medicine firm Kunming Shenghuo Pharmaceutical Group Co., Ltd., according to a company announcement. The deal was closed at the end of June. The investment is from Cathay Capital II and the Sino-French Fund for small and medium enterprises (SMEs)