US-listed Chinese biopharma firm Gracell to raise $150m in Vivo Capital-led PIPE deal

US-listed Chinese biopharma firm Gracell to raise $150m in Vivo Capital-led PIPE deal

Laboratory equipment. Photo: Pixabay

Gracell Biotechnologies, a Nasdaq-listed Chinese biopharmaceutical firm that develops cell therapies targeting cancer and autoimmune diseases, has inked a deal to raise $150 million in a private placement from a group of healthcare specialist funds.

Edited by: Pramod Mathew