New Chi­nese VC leads $10M round for a Har­vard spin­out look­ing to in­dus­tri­al­ize platelet man­u­fac­tur­ing

A new Chi­nese ven­ture group look­ing to bridge ther­a­peu­tics in­to the big Asian mar­ket led a $10 mil­lion start­up round for a Boston-based biotech up­start that is look­ing to in­dus­tri­al­ize the hu­man platelet-mak­ing process.

Spun out of the labs of Joseph Ital­iano and Jonathon Thon at Brigham and Women’s Hos­pi­tal and Har­vard, Platelet Bio­Gen­e­sis now has the cash to do the pre­clin­i­cal work on a new process to man­u­fac­ture platelets, rou­tine­ly used for can­cer pa­tients or af­ter surgery.

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