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Goldman Sachs recently completed a $20 million investment in Ascletis, a China-based biotechnology company focused on innovative drug development.
Within the past two months, Ascletis has completed two rounds of financing, with the first round of $35 million investment led by C-Bridge Capital, Tasly Pharmaceutical, and Pavilion Capital.
Proceeds from this new round of financing will be used to strengthen Ascletis' R&D capacity, and broaden the scope of its R&D pipeline.