China's Decheng Capital raising $450m for third life sciences fund

China's Decheng Capital raising $450m for third life sciences fund

An automated machine works on purification of potential hepatitis C virus drug candidate at the Gilead Sciences Inc. lab in Foster City, California, U.S., on Wednesday, Feb. 8, 2012. Photographer: David Paul Morris/Bloomberg

Shanghai-based private equity and venture capital firm Decheng Capital is raising up to $450 million for its third fund that will invest in the life sciences sector, according to a filing at the US Securities and Exchange Commission (SEC).

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