Sectors

The price Eli Lilly is paying for protein drug developer and portfolio company Protomer could potentially top $1bn dependent on milestone payments.

Ionis Pharmaceuticals' stake in the muscular disease treatment developer will be cut in an offering set to raise between $95m and $107m.

Gogox, which counts Alibaba, Cainiao, 58 Daojia, Renren and Singapore Press Holdings as shareholders, has received about $100m in a round co-led by Bocom and Cyberport.

All 17 founding health systems have chipped into the health data platform developer’s series A round, which closed with contributions from three new members.

Flexport Ventures contrbuited to a debt and equity round which will boost product development for the export finance startup.

The chipmaker’s $45.4m fund is set to operate for 10 years, investing and backing startups working on innovative semiconductor technologies and products.

Electric aircraft developer Heart Aerospace raised $35m from investors including Mesa Air and United, while several corporates are set to exit remote access software developer Openpath.

The Ant Group, Info Edge and Delivery Hero-backed restaurant listings and food delivery app operator is floating in a dual listing, having secured $562m from anchor investors yesterday.

GV has contributed to two rounds for the gene-editing technology developer, which publicly launched yesterday with $315m of funding.

Novel TMT returned to help the third-party e-commerce operator, with more than 25 brands in its stable, hike its 2021 funding to $317m.

General Motors, Hyundai, Kia, Geely, SAIC Motor, Koch Industries, Foxconn and LG took part in a $200m PIPE supporting a $3.6bn reverse merger for lithium-metal battery developer SES.