MoFo News Item

MoFo Advises ORI Healthcare Fund On $100m Series C Investment Into Kymab

24 Nov 2016

Morrison & Foerster has represented Hong Kong-based venture capital fund ORI Healthcare Fund L.P. on its Series C investment into Kymab, a leading UK-based biopharmaceutical group focused on the discovery and development of fully human monoclonal antibody drugs.

The $100 million Series C financing was led by ORI, with participation by Shenzhen Hepalink Pharmaceutical Co., Ltd, as well as follow-on investments from existing shareholders, including the Wellcome Trust, Bill & Melinda Gates Foundation, and Malin Corporation plc. The funds will enable Kymab to advance its proprietary pipeline of first-in-class therapeutic human monoclonal antibodies, the first of which starts clinical development in 2017.

The MoFo team was led by Graeme Sloan, head of corporate in London and a global chair of M&A, together with Palo Alto partner Janet Xiao, London corporate associates Greg Joynson and Robbie Somerville, and technology transactions associate Mercedes Samavi.

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