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WuXi Healthcare Closes Second Venture Fund with $290 Million

publication date: Dec 15, 2015
WuXi Healthcare closed WuXi Healthcare Ventures II, L.P. with funding of $290 million, well above the target of $200 million. Following the format of its first fund, WXHVII will identify early stage investments, usually cross-border, adopting a strategy of "find in U.S. and build in China." Several of WuXi's investments, such as diagnostics company Foundation Medicine, have been strategic, establishing relationships with companies that later became partners with WuXi AppTec, the CRO, which was reported to have made a $50 million anchor investment in the new fund. More details....

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