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Transcenta Closes $105 Million in Crossover Financing

Dec 23, 2020•over 4 years ago

Amount Raised

$105 Million

Hong Kong

Description

Transcenta Holding Limited ("Transcenta"), a global biotherapeutics company with fully-integrated capabilities in discovery, development and manufacturing of antibody-based therapeutics, announces today the completion of a 105 million USD crossover financing. China Structural Reform Fund led the financing round, participated by new investors including Country Garden Venture Capital, Qatar Investment Authority, and other prominent institutional investors. Existing investors including CCT China Merchants Fund, Lilly Asia Ventures, Teng Yue Partners, Sequoia Capital China and others also participated in this round. China Renaissance acted as the lead financial advisor for this transaction, and Bank of China International as joint financial advisor.

Company Information

Company

Transcenta Holding Limited.

Location

Hong Kong, Hong Kong SAR, China

About

Transcenta is a global biotherapeutics company that fully integrates antibody-based biotherapeutics discovery, development and manufacturing. With Discovery and Translational Research Center in Suzhou, Process and Product Development Center and Manufacturing Facility in Hangzhou, and Clinical Development Centers in Princeton, US and in Beijing, Shanghai and Guangzhou in China, and External Partnering Center in Boston, US, Transcenta has established global footprint. Upon the latest financing, the company has raised over $347 million from globally prominent investors. For more information, please visit www.transcenta.com.

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