WuXi AppTec approves $5m commitment

The Shanghai-based pharmaceutical firm has backed a domestic venture capital fund.

Institution: WuXi AppTec
Headquarters: Shanghai, China
AUM: CNY$29.24bn
Bitesize: $1-5m

WuXi AppTec has confirmed a $5 million commitment to Creacion Ventures I. The fund is managed by Creacion Ventures and focuses on the healthcare and biotech / life science sectors in both China and the United States.

As illustrated below, WuXi AppTec has a regional appetite for Asia-Pacific and North America.

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