China VC Watch: Genome, Diagnostics Ventures Attract New Funding

Genetron Health is the latest emerging Chinese biotech to attract new capital in the push toward precision medicine in China, while the Lilly Asia Fund is among the investors in cancer diagnosis venture Singlera’s Series A.

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China pours money into molecular diagnostics investments • Source: Shutterstock

Beijing-based Genetron Health has received an undisclosed amount, but is running into “several hundred millions” of renminbi in a Series B financing led by VCanbio Cell and Gene Engineering, a biotech company listed on the Shanghai Stock Exchange.

Established two years ago with a focus on genome testing and cancer screening, prevention and treatment, Genetron plans to use the new funding to expand marketing channels, enhance product lines...

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