Zai Lab raises $250M PIPE at $22.04/ADS led by TCGX

Zai Lab is reportedly raising a $250 million PIPE at $22.04 per ADS, led by TCGX with participation from ADAR1 Capital, Balyasny Asset Management, Cormorant, Frazier Life Sciences, RA Capital, RTW Investments, Sirenia Capital, Wellington Management and Woodline Partners.

Detected & updated continuously · Source: Nebula