Haikou, Hainan province-based Hainan Haiyao says that the company plans to invest RMB122 million ($20 million) in Hainan Huantai Bio-Pharmaceutical Investment Fund for a 48.8% stake, according to a company announcement. The fund is a pharma-focused joint venture launched by Hainan Haiyao and several venture capital firms. Infotech Pacific Ventures and Haikou Creative Venture Capital […]

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