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Hainan Haiyao Announces $41 Million Pharma VC Fund



3/12/2014 11:28:04 AM

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by Richard Daverman, PhD

March 12, 2014 -- Hainan Haiyao, a pharma that makes both chemical drugs and TCM products, will invest $20 million in a pharma-focused venture capital JV. Hainan Haiyao will own 49% of the JV, which will be called the Hainan Huantai Bio-Pharmaceutical Investment Fund. The fund will be capitalized with $40.7 million. It will seek investments in early and mid-stage pharmaceutical companies. More details....

Stock Symbol: (SHE: 000566)

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