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Avistone of Beijing Raises $200 Million; Will Combine with Pearl Biotech

publication date: Dec 8, 2021

Beijing Avistone Pharma, a precision oncology company, received a more than $200 million strategic investment led by Vivo Capital. The capital will support the combination of Avistone and Pearl Biotech, which is also based in Beijing. The two companies plan to create a fully-integrated targeted oncology platform. Avistone's lead drug is a c-Met inhibitor in late-stage clinical development for genetically-defined patients with non-small cell lung cancer and glioblastoma. Bain Capital and Primavera Capital also participated in the investment. More details....

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