Luye Pharma Group (HKG: 2186), a leading pharmaceutical company based in China, has announced that it has successfully secured RMB 1.6 billion in funding from the Shenzhen Luye Private Equity Investment Fund. This fund is primarily controlled by the Shenzhen Municipal People’s Government State-owned Assets Supervision and Administration Commission. The capital raised is expected to enhance the company’s financial structure and profitability, as well as accelerate research and development initiatives. This strategic investment will also bolster Luye Pharma’s business development across various aspects, including market expansion, pharmaceutical innovation, and marketing efforts.- Flcube.com
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