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Aibo Biotech has appointed Yan Zhang as CFO and has just completed a $600 million financing

author:Thunder delivery
Aibo Biotech has appointed Yan Zhang as CFO and has just completed a $600 million financing

Rakuten reported on July 15

Biopharmaceutical company AiboBio today announced that Ms. Zhang Yan has officially joined the company as Chief Financial Officer.

Founded in January 2019, Aibo Biotech is an innovative biopharmaceutical company focused on the research and development of messenger-based ribonucleic acid (mRNA) drugs, and completed a Series A financing of 150 million yuan and a Series B financing of 600 million yuan in October 2020 and April 2021 respectively.

Based on mRNA platform technology, Aibo Bio has established a rich product pipeline, including but not limited to infectious disease vaccines, tumor immunity, various diseases caused by protein expression or lack of function, general-purpose and personalized tumor vaccines, etc.

Aibo Bio said that Ms. Zhang Yan has rich industry experience and global investment and financing management experience in the fields of biotechnology and health care. Prior to joining Abbott Biotech, Ms. Zhang yan was a medical investment partner at Heyu Capital. He was a partner at Ping An Venture Capital, focusing on early and grow-up investments and M&A projects in the pharmaceutical and healthcare industry, as well as overseas investments.

Ms. Zhang Yan was previously the Executive Director of Goldman Sachs China Investment Banking, focusing on financing and mergers and acquisitions in the healthcare industry in Greater China. He has also focused on the investment banking business of the medical and health industry on the West Coast of the United States for many years, and has participated in a large number of M&A financing and listing projects in biomedicine and diagnostics in Europe and the United States. Yan Zhang graduated from Tsinghua University with a bachelor's degree in biological sciences and technology and holds an MBA from the Haas School of Business at the University of California, Berkeley.

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