Hong Kong market could open cash flood gates for U.S. biotechs

Hong Kong market could open cash flood gates for U.S. biotechs

REUTERS/Bobby Yip/File Photo

When U.S. biotech startup Sorrento Therapeutics named ex-Lehman Brothers executive Jiong Shao as its new finance chief about two months ago, it was widely seen as a move driven by his background in raising capital for Alibaba and Tencent.

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