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GenScript ProBio -- a mAb, Cell & Gene Therapy CDMO -- Raises $224 Million

publication date: Jan 18, 2023

GenScript ProBio of Nanjing, a biologics CDMO with operations around the globe, raised $224 million in a C round. ProBio offers end-to-end CDMO services from drug discovery to commercialization for antibodies, cell and gene therapies. The company said it would use the capital to increase manufacturing capacity, advance its R&D offerings and acquire companies that add services. After the funding, GenScript Biotech, a gene synthesis company, will continue to own 70% of ProBio, down from 80%, even though it added about $30 million to the funding. Legend Capital led the C round. More details....

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