Ally Bridge leads $150m round for US cancer treatment firm
San Diego-based cancer treatment developer Sorrento Therapeutics has raised about $150 million from a group of investors led by China-focused healthcare specialist Ally Bridge Group.
The investors will participate in private placements to buy newly issued shares at $5.55 apiece, and will receive warrants to buy common stock at an exercise price of $8.50 per share, according to a release....
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