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Tianjin CanSino Biotech Raises $10 Million From Lilly Asia Ventures


9/17/2013 8:44:47 AM

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by Richard Daverman, PhD

September 17, 2013 -- Tianjin CanSino Biotechnology has received a $10 million strategic investment from Lilly Asia Ventures, a venture capital arm of Lilly. CanSino specializes in the R&D and manufacture of human vaccines. CanSino will use the capital for R&D, clinical research and early stage commercialization of core combined DPT (diphtheria, pertussis and tetanus) vaccines and several other innovative vaccines. CanSino seeks to develop and market leading-edge, high quality vaccines for China and other emerging markets at an affordable cost. More details....

Stock Symbol: (NYSE: LLY)

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