WuXi Sets up $50M Fund to Enhance Research Platform Capabilities
This fund will invest in technologies and life-sciences companies to enhance our platform capabilities and to help great minds realize the potential of their technologies and intellectual property,' said WuXi in its latest quarterly report.
WuXi PharmaTech, a leading company in China's CRO/CMO space, has set up a $50 million venture capital fund to take a stake in some of the life sciences companies that can help WuXi build up its rapidly growing research platform.
"This fund will invest in technologies and life-sciences companies to enhance our platform capabilities and to help great minds realize the potential of their technologies and intellectual property," said WuXi in its latest quarterly report.
"Through the fund's investments, WuXi expects to benefit from appreciation in value of the companies invested in and from access to these technologies and collaborations, including new revenue-generating opportunities."
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