Israel-China medical fund to raise $300m for joint drug development ventures

The Guangzhou Sino-Israel Bio-industry Investment Fund (GIBF), which seeks to promote and invest in Chinese and Israeli joint ventures in the biomedical field, said Monday it is raising a second fund for a total of $300 million (2 billion yuan). The GIBF 2 fund has already closed $200 million, and plans to raise an additional […]