China’s Legend Capital has completed raising RMB1 billion (US$156 million) for the second phase of its RMB healthcare fund, according to an announcement on its official WeChat account. The fund will invest in innovative medicine, precise treatment, medical devices, diagnostic technologies, medical services, and genetic technologies. It will also expand from early-stage to later-stage investments. "Investments in the medical industry tend to have long business cycle and slow growth. Many investors are tempted to get involved, but are also afraid … Legend Capital Raises $156M For Second RMB Healthcare Fund appeared first on China Money Network.