China's mRNA vaccine firm Abogen raises over $955m from investors including Temasek

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BEIJING (REUTERS) - Chinas Suzhou Abogen Biosciences said on Thursday (Aug 19) it has raised over US$700 million (S$955 million) to support clinical development of its potential Covid-19 vaccine and expand pipeline of other vaccine and treatment candidates.Abogens potential shot against the new coronavirus, which it is jointly developing with a research institute affiliated with Chinese military and Walvax Biotechnology, adopts the messenger RNA (mRNA) technology.The candidate ARCoV is being tested in a phase three clinical trial.The fund-raising was led by seven investors, including Singapores state investment firm Temasek Holdings and Hillhouse-backed GL ventures, Abogen said in a statement.

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