Capital Group said to eye pre-IPO stake in China's biotech unicorn Innovent

Capital Group said to eye pre-IPO stake in China's biotech unicorn Innovent

Photo: Innovent Biologics website

Capital Group Cos., the U.S. asset manager that’s been backing startups in emerging markets, is in talks to invest in Chinese biopharmaceutical firm Innovent Biologics Inc., people with knowledge of the matter said.

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