Nextchem Pharma Reopens after Capital Infusion

Nextchem Pharmaceutical Co. Ltd. of Shanghai has reopened after having suspended its operations for over a year. The reopening followed a capital investment of unspecified size from NEA China and BioVeda Capital, which then “regrouped” Nextchem. Nextchem, which claims assets of 500 million RMB ($74 million), produces antibiotics. More details...