Cancer biosimilar developer JHL Biotech raised an undisclosed sum in a Sanofi-backed round as it prepares to re-list on a stock exchange, this time choosing Hong Kong.
Author: Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
Liulishuo passes IPO exam
Liulishuo has listed on the New York Stock Exchange following a $71.9m initial public offering that provided an exit to publishing house Hearst.
Sutro seals $86m IPO
Immunotherapy developer Sutro Biopharma has floated on the Nasdaq Global Market, providing exits for Merck & Co, Celgene, Amgen and Eli Lilly.
Byju’s treasures $100m investment
General Atlantic India has acquired a 5% stake in Tencent-backed Byju’s in return for a $100m commitment that pushed the education services provider’s valuation to $2bn.
Compass finds $400m in series F round
SoftBank Vision Fund, which invested $450m in Compass in December, returned to co-lead a series F round that valued it at $4.4bn.
Fosun catches Butterfly in $250m series D
Fosun Pharma has contributed to a $250m series D round for medical device maker Butterfly Network, valuing the company at $1.25bn.
Alexion flexes muscles with $1.2bn Syntimmune acquisition
Alexion will pay $400m upfront for Baxalta-backed Syntimmune, with up to an additional $800m on offer if the autoimmune disease drug developer hits all its milestones.
PharmEasy formulates $50m funding deal
PharmEasy took its total funding past the $100m mark, six months after collecting some $30m from investors including Manipal Education and Medical Group.
Grubhub takes Tapingo in $150m deal
Grubhub agreed to acquire student-focused food delivery app Tapingo, which had raised $36m from investors including Qualcomm Ventures.
Morphic shapes $80m series B
Novo has co-led the series B round together with Omega Funds, adding to a $51.5m series A co-led by GlaxoSmithKline and Pfizer in 2016.
Banma puts the pedal to $233m metal
The smart car joint venture between Alibaba and SAIC Motor, has closed its first funding round with the support of SAIC’s investment management arm Shangqi Capital.
Springlane bids farewell to investors
Tengelmann Ventures and HV Holtzbrinck Ventures have sold their entire shareholding in kitchenware retailer Springlane to its founder.