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news_id: 48 AutekBio Received $100M Investment
AutekBio recently signed a deal securing $100 million in venture capital from private and government sources. Contributing to the capital raise were SUMA Ventures and Beijing E-Town Harvest International Capital Management Corporation, Beijing’s Municipal Government’s venture capital group.
The new joint venture will build a world class R&D and manufacturing center in southern Beijing to service international biologic developments, with combined volumes of bioreactors up to 20,000 liters in multiple production lines (trains).
AutekBio was founded in 2006. One year after its beginning, the company singed a biologic CMO contract with Jiangsu Hengrui Pharmaceutical Corp. for a cancer MAb drug that was one of the largest CMO contracts in China’s pharmaceutical industry.
| AutekBio Received $100M Investment
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