• China is funding the future of American biotech

    26 days ago - By Tech Crunch

    Silicon Valley is in the midst of a health craze, and it is being driven by “Eastern” medicine.
    It's been a record year for US medical investing , but investors in Beijing and Shanghai are now increasingly leading the largest deals for US life science and biotech companies. In fact, Chinese venture firms have invested more this year into life science and biotech in the US than they have back home, providing financing for over 300 US-based companies, per Pitchbook. That's the story at Viela Bio, a Maryland-based company exploring treatments for inflammation and autoimmune diseases, which...
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