Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Legend Capital enjoys 4 MedTech IPOs in 1H2021, focusing on long-term and innovation investment

HONG KONG, Sept 10, 2021 - (ACN Newswire) - Recently, Berry Oncology, a company focusing on genomic testing of cancers in China, announced the completion of a US$99.15 million Series B1 financing round, with Legend Capital's continuous support. This B1 financing round was led by China Merchants Capital Management Co., Ltd. Existing investors Qiming Venture Partners, along with new investors, including Zhongjin Qichen Industry Equity Investment Fund, E Fund, Fujian Venture Investment Management Co., Ltd., Xiamen C&D Emerging Industry Equity Investment Co., Ltd. and other prominent investors also participated in the funding round.

CVSource investment data shows that, the number of financing projects for medical devices in China reached 248, with a financing scale of approximately RMB26 billion in 2020, reaching five-year highest. According to iiMedia Research's data, the market size of China's medical devices industry reached RMB765.5 billion in 2020. However, Legend Capital has started investing in the medical device sector as early as 2010, exploring global investment opportunities for innovation continuously.

In the first half of 2021, Legend Capital's four portfolio companies in the field of medical devices and diagnostics went public successfully; including New Horizon Health (06606.HK), the first public listed cancer screening company in China, Singular Genomics (NASDAQ: OMIC), an innovative sequencing technology research and development company, Chemclin Diagnostics Corporation (688468.SH), the clinical immunology diagnostic product company, and CareRay Digital Medical (688607.SH), a leading company in flat panel detector industry.

In addition, Legend Capital has also invested in projects including Axonics (AXNX), KingMed Diagnostics (603882.SH), Berry Genomics (000710.SZ), EasyDiagnosis (002932.SZ), Aohua Endoscopy, Bioheart, StarSportMed, ET Healthcare, Gkht Medical, Best Brain Health, Puyi Biological, and Reliable Med.

At present, Legend Capital's investment in the medical and healthcare field mainly involves innovative drugs and biotechnology; medical device and diagnostic; professional services and digital healthcare. In 2021, seven of Legend Capital's portfolio companies in medical and healthcare industry were successfully listed, while four more are currently in process. Half of them is in the medical device and diagnostic industry.

Legend Capital adheres to three investment principles: early, long-term and innovative investment. For example, as an early investor in Berry Genomics, Legend Capital supported the company's development all the way to the capital market, and participated in each round of financing of Berry Oncology. ZHOU Jun, the CEO of Berry Oncology, expressed that Berry Oncology took fancy to Legend Capital's reliable reputation and post-investment value add. Legend Capital has provided a lot of assistance on the business side as well as management and operation.

Legend Capital also invested in New Horizon Health, the first public listed cancer screening company in China, at a very early stage. In 2015, Legend Capital participated in New Horizon Health's A1 financing round as a lead investor. Furthermore, CHEN Yiyou, the Chairman of New Horizon Health, recalled that when financing difficulties occurred in 2018, Legend Capital, as a shareholder, mobilized multiple resources to help New Horizon Health connect with follow-up lead investors, and over-proportionately participated in the investment, becoming the largest institutional investor of New Horizon Health. "At that time, the increased holdings of Legend Capital also gave new shareholders a lot of confidence," he mentioned.

Legend Capital divides innovation into two categories, namely continuous improved innovation and disruptive innovation. Among them, Legend Capital attaches particular importance to disruptive innovation. This type of innovation not only requires technology, but also emphasizes more on demand-side scenario innovation. When judging innovation, Legend Capital starts from the demand side of the product, including three types: clinical unmet needs, new user groups, and temporary marginal but long-term promising non-mainstream markets.

In early 2012, the investment in ET Healthcare, as a typical project, examplifies Legend Capital's foresight in identifying a star innovative company in the field of in vitro diagnostics. ET Healthcare's underlying technology is world leading, with its headquarter in Silicon Valley. The company's Pylon3D is a small-scale fully automated immunoassay system, and its sensitivity exceeds the level of the world's most advanced large-scale immunoassay equipment, redefining POCT.

Jafar Wang, the Co-Chief Investment Officer of Legend Capital, said that, Legend Capital will consider to invest fast-follow or first-in-class companies and believes that Chinese first-in-class companies will definitely appear in batches in the next 5-10 years. Legend Capital is working hard to stay ahead of the curve in this trend. According to Jafar, Legend Capital's investment pace has accelerated in the first half of 2021, and will continue to maintain the intensity.

Legend Capital makes systematic and detailed research to achieve a head start in research and investment. Joe Zhou, the Managing Director of Legend Capital, expressed that the team puts 80% of its energy on identification and selection before making the decision.

Over 80% of Legend Capital's medical projects are selected based on its in-house investigation or ecosystem resources. The logic behind Legend Capital's investment ecosystem lies in the establishment of several sub-industry clusters on the strength of the agglomeration effect of its portfolio companies. Starting from these niche clusters, the investment roadmap is extended outwards to build a larger and unique ecosystem. Besides attracting companies with better quality, Legend Capital leverages the ecosystem to incubate innovative projects, realizing a virtuous circle of multiple wins for all parties involved.


Source: Legend Capital

Copyright 2021 ACN Newswire . All rights reserved.
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.