The biotechnology developer was backed by Zhongji Holdings in the round and will use the capital to complete product development on its temperature management device.

Crescent Enterprises has put $16m into ColubrisMX and XCatch, both of which are developing robotic medical devices based on research at University of Texas.

AstraZeneca and the Chinese Future Industry Investment Fund have joined forces to launch drug development firm Dizal Pharmaceutical.

WuXi Healthcare Ventures has returned for a $57m series B in immunotherapy developer Medeor Therapeutics, with the round led by RA Capital Management.

The precision medicine research spinout from Cold Spring Habor Laboratory has secured seed capital in a round led by Dynamk Capital.

The diversified conglomerate has put $16m into ColubrisMX and XCatch, both of which are developing robotic medical devices based on research at University of Texas.

Ping An Good Doctor, an online healthcare platform backed by Ping An Insurance, is targeting a $1bn initial public offering in Hong Kong as early as the first half of 2018.

Hospital radiology software developer Analytical Informatics, a Baltimore spinout, has been bought by technology manufacturer Philips.