GIC joins Hillhouse Capital-led consortium investing $418m in I-Mab

GIC joins Hillhouse Capital-led consortium investing $418m in I-Mab

biopharmaceuticals. Credit: Flickr/Laurence Livermore

Singapore’s sovereign wealth fund GIC has participated in a consortium of institutional investors, led by Hillhouse Capital Group, to invest $418 million through a private placement in Nasdaq-listed Chinese biopharma company I-Mab, according to a GIC press release.

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