CWRU spinout Neuros Medical has raised $20m in a series AA round backed by Osage University Partners.

Taikang Life Insurance and Lilly Ventures Asia have contributed to a $59.7m round for Hangzhou Just Biotherapeutics, a Chinese spinout of US-based Just Biotherapeutics.

Neuromodulation device developer Neuros Medical has raised $20m in a series AA round backed by existing investor Boston Scientific .

China Life Insurance has participated in the medical clinic franchise's series D round, which is made up of almost equal debt and equity portions.

The pharmaceutical company's acquisition of Novartis-backed IFM Therapeutics, consisting of $300m upfront and up to $2bn in milestone payments, is its fourth purchase of a CVC-backed company in under four years.

Employee benefits platform Limelight Health secured $7m in a MassMutual Ventures-led round that included Axa Strategic Ventures and Wanxiang Healthcare Investments.

Ultralinq has acquired Intelesens, a wearable device manufacturer spun out from Ulster University in 2001.

Scottish Investment Bank has supported a funding round for Causeway Therapeutics, a spinout from University of Glasgow that is working on treatments for tendon injuries and disorders.