Chinese biotech Biocytogen received $65 million investment

| By | Biotechnologies, Investments, Preсlinical Studies, R&D

CMB International Capital Corporation, a wholly-owned subsidiary of China Merchants Bank, provided a $65 million budgeting for Beijing Biocytogen, a gene targeted animal model and service supplier.

Biocytogen was founded in 2009 by Dr. Yuelei Shenm, a University of Massachusetts School of Medicine graduate with 20 years of experience in immunology, molecular biology and gene knockout model animal production and research. Its services ranges from the preparation of gene engineered animals to large-scale supply of animal models. It also offers preclinical animal studies using gene humanized models, patient-derived xenograft (PDX) models, and human immune system reconstruction models.

Biocytogen’s customers include academic institutions such as Harvard University, University of Tokyo, University of Oxford, Peking University, Tsinghua University, and hospitals, such as Massachusetts General Hospital , Union Hospital, Peking University Hospital, as well as international companies such as Johnson and Johnson, Roche, GSK and Merck.