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Shanghai's Harbour BioMed Raises $50 Million; Acquires Discovery Company

publication date: Dec 20, 2016
Harbour BioMed, a Shanghai startup, raised an initial $50 million from two China investors, Advantech Capital and Legend Capital, and then acquired Harbour Antibodies BV, a Dutch company with two proprietary transgenic mouse platforms. Harbour BioMed's headquarters and R&D will be in Shanghai, its business operations in Cambridge, MA and its antibody platform in Rotterdam. The company will expand its Boston presence with a drug discovery innovation center. The previous Harbour owners received cash plus equity in Harbour BioMed, though no specific details were disclosed. More details....

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