Novast Pharma Raises $25 Million

Novast Pharmaceuticals Ltd., a Chinese generic pharmaceutical maker, has raised $25 million in Series C funding, according to VentureWire. SAIF Partners led the round, and was joined by return backers New Enterprise Associates, Qiming Ventures, Eli Lilly & Co. and BioVeda Capital. Novast does not have a website.

2 July 2009•1 min read
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