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BioWorld - Saturday, February 4, 2023
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Home » CBMG bags $120M in its first financing since going private, funds to benefit CAR T candidates
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CBMG bags $120M in its first financing since going private, funds to benefit CAR T candidates

Sep. 30, 2021
By Gina Lee
No Comments
Cell therapy developer Cellular Biomedicine Group Inc. (CBMG) completed a $120 million series A financing, its first since becoming a private company. The funds will benefit the U.S. and China-based firm’s CAR T pipeline, and the round was jointly led by Astrazeneca-CICC Fund, Sequoia Capital China and Yunfeng Capital. Existing investors including GIC Private Ltd. (formerly Government of Singapore Investment Corp.) and TF Capital also took part.
BioWorld Financings Cancer CAR T Series A China

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