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China’s Walvax Raises $72.8 Million in Private Placement

publication date: Aug 8, 2014
Walvax Biotechnology, headquartered in China’s Yunnan Province, raised $72.8 million in a private placement. Walvax is known as a vaccine company, with vaccines for both meningococcal disease and flu, though it ventured into monoclonal antibodies by acquiring a majority stake in Genor Pharma in December 2013. The company said it would use $51 million of its new capital to pay off existing loans. More details....

Stock Symbol:(SHE: 300142)

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