On October 29, 2020 LianBio, a Chinese company focused on bringing paradigm-shifting medicines to patients in China and major Asian markets, reported it has raised $310 million in an oversubscribed crossover financing, following its founding and initial financing provided by Perceptive Advisors (Press release, LianBio, OCT 29, 2020, View Source [SID1234569346]).
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The financing was co-led by U.S. investors RA Capital and Venrock Healthcare Capital Partners and Chinese investor CMG-SDIC Capital. Other leading specialist investors in the round included: funds and accounts managed by BlackRock, Casdin Capital, Farallon, Logos Capital, Perceptive Advisors, Pfizer Inc., Sphera Healthcare, funds and accounts advised by T. Rowe Price Associates, Inc., Tybourne Capital Management, Vida Ventures, Viking Global Investors and Wellington Management.
"We are excited to partner with this world class group of investors who share our vision of accelerating broad access to transformative medicines for patients in China and other major Asian markets. Building on the success and momentum of the Company’s recent launch, this financing provides additional support for LianBio’s efforts to contribute to China’s dynamic life sciences landscape by addressing significant unmet medical needs in the region," said Konstantin Poukalov, Managing Director, Perceptive Advisors and Executive Chairman of LianBio. "We are proud of the management team who is rapidly realizing our vision and has proven that partnership, passion and commitment can help spur the delivery of innovative therapies to the fast-growing biopharma marketplace in China."
With the Company’s global innovation mining platform validated by an impressive syndicate of investors, LianBio is poised to advance its business model in China and major Asian markets.
Jefferies LLC acted as exclusive placement agent for the financing.