OrbiMed, Wellington backers of Chinese biotech Gracell

Wellington Management Company and Morningside Ventures joined healthcare investment specialists OrbiMed and Vivo Capital to lead a $100 million Series C round for Gracell Biotechnologies.

"We are very pleased to expand our investor base with support from a high caliber consortium," said Dr. William Wei Cao, founder, chairman, and CEO of Gracell, "Our passion is to bring transformative CAR-T cell therapies to a broader group of patients by developing products that are efficacious and can be made widely available."

Joining fellow existing investor OrbiMed, Temasek Holdings, Lilly Asia Ventures and King Star Med . . .

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Sergio Barreto

Sergio Barreto is about 70% journalist, 30% tech geek. As an editor for The ABIS Group, he produces daily newsletters for leading healthcare and technology companies. With BMV Digital, he provides WordPress-based web developments services. Here at Alternatives Watch, he wears both hats - handling IT and occasionally writing about the intersection of alts, healthcare and tech.

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