Friday, 4 July 2025
28 C
Singapore
29.3 C
Thailand
22.6 C
Indonesia
28.6 C
Philippines

Shanghai-based WuXi AppTec invests US$5M in Creacion Ventures I

WuXi AppTec joins a dozen of limited partners (LPs) to invest US$5 million in Creacion Ventures I. The joint venture aims at creating a US$200 million fund for investing into life science opportunities in European Union (EU), Greater China and North America. WuXi AppTec, known for developing biotech, pharmaceutical and medical devices and products, will […]

WuXi AppTec joins a dozen of limited partners (LPs) to invest US$5 million in Creacion Ventures I. The joint venture aims at creating a US$200 million fund for investing into life science opportunities in European Union (EU), Greater China and North America.

WuXi AppTec, known for developing biotech, pharmaceutical and medical devices and products, will inject US$5 million through its affiliate WuXi PharmaTech Healthcare Fund I LP. The investment is approximately 3.22 percent of the total capital commitments made for the venture.

Wei Li and Ching Zhu established the WuXi LP. Wei Liis the co-founder of WuXi’s venture arm WuXi Healthcare Ventures (WXHV), while Ching Zhu is a veteran who has worked with several investment and capital firms like Novitas Capital.

Notably, Creacion Ventures Management, a limited liability company in Cayman Islands, launched Creacion Ventures in January 6. The pilot fund targets to raise approximately US$200 million as per a previous SEC filling on January 17.

Presently, Creacion Ventures I has collected US$155.33 million in capital from 14 limited partners including WuXi AppTec. Additionally, the parent company, Creacion Ventures Management has planned to inject approximately US$2.33 million or 1.5% of the targeted fund.

The Creacion Ventures fund aims to include incubators in Greater China and finance businesses in the US.

Hot this week

Singapore’s first recycled Fortune Merlion unveiled to mark SG60

Singapore’s first 3D-printed recycled Fortune Merlion celebrates SG60 with just 60 figures made from 1,800 plastic bottles.

Google lets you share smart home access more easily with family and kids

Google Home lets you easily assign Admin or Member roles, even for kids under 13, to manage your smart home access better.

OpenAI turns to Google’s AI chips in the shift from Microsoft and Nvidia

OpenAI begins renting Google's AI chips to run ChatGPT, shifting away from Microsoft and Nvidia to lower computing costs.

Union Gas Holdings boosts operational resilience with Lenovo infrastructure upgrade

Union Gas Holdings upgrades to Lenovo ThinkSystem infrastructure to ensure round-the-clock energy delivery and improve IT performance across Singapore.

Hundreds of Brother printers have a serious flaw you can’t entirely fix

Hundreds of Brother printers have a flaw that lets hackers guess your admin password and one critical issue can't be fixed with updates.

Xiaomi opens new store at City Square Mall and launches Shopee presence in Singapore

Xiaomi opens its ninth store in Singapore at City Square Mall and launches its official Shopee store with promotional offers across both platforms.

Tools for Humanity: Why Southeast Asia is shaping the future of humanness in the Age of AI

Southeast Asia is pioneering the future of digital identity with World ID, offering private, secure, and human-first verification at scale.

Google to roll out update for Pixel 6A battery overheating next week

Google’s July 8 Pixel 6A update limits battery overheating by reducing capacity after 400 cycles, with free replacements for affected users.

Microsoft opens pre-orders for Surface Copilot+ PCs in Singapore

Microsoft launches AI-powered Surface Pro and Surface Laptop in Singapore, with pre-orders open ahead of 15 July availability.

Related Articles

Popular Categories