Zai Lab CEO Samantha Du is raising a $150M biotech fund
Shanghai-based Zai Lab isn’t just working on its own pipeline of drugs anymore. CEO Samantha Du, a Pfizer vet who helped start Hutchison MediPharma, has outlined plans to raise $150 million for a new venture fund of her own.
Details are hard to come by, but Du filed the paperwork on the venture fund with the SEC last week.
Over the past year, Zai Lab executed a string of regional development pacts with Tesaro (niraparib), GSK (unnamed anti-inflammatory drugs) and Paratek (omadacycline), which were fed into a pipeline that now has seven programs underway. The biotech has also launched discovery work with investigators at Tsinghua University. And a little more than a year ago the company raised $100 million in venture cash.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.