IFC announced that it would invest BioVeda China Fund II for 15 million U.S. dollars
From: ChinaVenture
Compiler: http://www.fundcn.org
The International Finance Corporation (IFC) has recently announced that it will invest 100 China Fund II 15 million U.S. dollars and is expected to total size of the fund will reach a -1.5 billion dollars, IFC end investment fund will not exceed 20%.
BioVeda China Fund II plans to invest in the Chinese market, life sciences and health management projects. The fund plans to invest 12 to 15 biotech, medical, pharmaceutical, medical diagnosis, Health Management (and hospital) areas of the company.
Earlier, the world’s 10 largest pharmaceutical companies in the United States, one of Eli Lilly pharmaceutical announced investment of 100 million dollars to two hundred BioVeda China Fund.
The BioVeda China Fund Management, headquartered in Shanghai, goals for the Chinese enterprises to the small and medium enterprises.
The International Finance Corporation (IFC), in 2005 the BioVeda China Fund I, the investment 4.65 million U.S. dollars, the Fund’s total financing to 20 million dollars.
Copyright Fund China 2008.
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