Industrial Bank and Ping An Insurance Real Estate Investment are among the limited partners for a healthcare-focused fund launched by Shenzhen Capital that is targeting a $116m first close.

The Alphabet and Novartis-backed T cell cancer therapy developer has secured series B capital that took its overall funding to $48m.

Cash Capital joined a unit of Red Star Macalline to back Mingdu Intelligent, which provides drug manufacturing services mainly related to data management and quality control.

Legend Holdings vehicle Legend Star took part in a round that will fund the further development of Qihan Biotech's organ transplant technology.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Johnson & Johnson, Alexandria Venture Investments and Serum Institute of India contributed to a series A for Albert Einstein College of Medicine spinout X-Vax.

A survey by Knowledge Transfer Ireland suggests there are now 119 active spinouts in Ireland, with Irish universities responsible for 76% of the country's patent filings last year.

Pennsylvania Biotechnology Center of Bucks County is launching a $50m fund to invest in resident startups and to help establish university spinouts.

Roche Ventures, Kaiser Permanente Ventures, and Alphabet subsidiaries Verily and GV took part in a round that boosted the cancer testing platform developer's total funding to more than $237m.

Johnson & Johnson, Alexandria Venture Investments and Serum Institute of India contributed to the first round to be disclosed by herpes vaccine developer X-Vax Technology.