HaiHe raises USD 146.6m war chest

Shanghai HaiHe Pharmaceutical Co., Ltd, announced that it has recently raised USD 146.6 million in a financing round led by Huagai Capital, and participated by Yingke PE, CSPC Pharmaceutical Group, Hillhouse Capital, CASVC, Atlas Capital, Boyuan Capital, Elite Capital, and Daehwa Pharmaceutical.

The proceeds will be primarily used to accelerate the research and development of its innovative oncology drugs in clinical and preclinical stages.3

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