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- Fosun Kite Biotechnology
Fosun Kite Biotechnology Valuation, Funding & Investors
Fosun Kite Biotechnology is valued at $393M as of October 2025.
Last Fosun Kite Biotechnology valuation
$393M
Series A · Oct 2025
Last Fosun Kite Biotechnology funding round
$84M
Series A · Oct 2025
Cumulative funding Fosun Kite Biotechnology raised
$106M
across 3 funding rounds
Key investors in Fosun Kite Biotechnology
Fosun Pharma
Fosun Health Capital
Kite Pharma
Fosun Kite Biotechnology Overview
About Fosun Kite Biotechnology
Fosun Kite Biotechnology is a Shanghai-based joint venture between Fosun Pharmaceutical and Kite Pharma established in 2019. It develops CAR-T cell therapies targeting hematologic malignancies like lymphoma and leukemia. The company manufactures Yescarta and Tecartus generics for the Chinese market and conducts clinical trials at sites in Shanghai and Suzhou. Fosun Kite holds NMPA approvals for domestic distribution.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$393M (Oct 2025)
Sectors
Fosun Kite Biotechnology Valuation
Fosun Kite Biotechnology is currently valued at $393M, based on its Series A in October 2025.
The $84M round was led by Fosun Health Capital.
Fosun Kite Biotechnology's valuation has grown 7.3x from $54M at its strategic investment round in September 2024 to $393M in October 2025, across 2 priced rounds.
Fosun Kite Biotechnology valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2025 | Series A | $393M |
| Sep 2024 | Strategic investment | $54M |
Fosun Kite Biotechnology Funding History
Fosun Kite Biotechnology has raised a total of $106M across 3 funding rounds.
Fosun Kite Biotechnology's first fundraising round was a $20M strategic investment round in July 2020. The most recent completed round was a $84M Series A in October 2025.
Fosun Kite Biotechnology funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2025 | Series A | Fosun Health Capital (lead) | $84M | $393M | Fosun Kite Biotechnology, a cell therapy platform focused on tumor immunotherapy, was partially owned by Fosun Pharma prior to September 2024, when Fosun Pharma acquired the remaining 50% stake to achieve 100% ownership, renaming it Fosun Kairos. This platform collaborates with Kite Pharma to develop and commercialize products like Axi-Cel (marketed as Yi Kai Da in China) and Brexu-Cel (project code FKC889) in mainland China, Hong Kong SAR, and Macau SAR. Fosun Kairos serves as Fosun Pharma's core cell therapy platform post-acquisition, with ongoing efforts to advance tumor immunotherapy products. In September 2025, the drug registration application for Brexucabtagene Autoleucel Injection (FKC889) was accepted by China's NMPA for relapsed or refractory B-cell precursor acute lymphoblastic leukemia. Fosun Pharma's overall financials show group revenue of RMB30.91 billion for Jan-Sep 2024 and RMB29,393 million for Jan-Sep 2025, with innovative drugs contributing over RMB6,700 million in 2025's first three quarters. The company increased its stake in Fosun Kairos during 2024 as part of strategic investments in core R&D platforms, maintaining licensing agreements with Kite Pharma. |
| Sep 2024 | Strategic investment | Fosun Pharma (lead) | $1M | $54M | Fosun Kite Biotechnology (now Fosun Kairos) is a China-based cell therapy company focused on tumor immunotherapy, marketing Yescarta (Axi-Cel, branded Yi Kai Da), the first CAR-T therapy approved in China for large B-cell lymphoma, and developing Tecartus (Brexu-Cel, FKC889). On September 13, 2024, Fosun Pharma acquired the remaining 50% stake from Kite Pharma (Gilead Sciences) for $27 million, achieving 100% ownership. Fosun plans an additional $10 million investment post-acquisition. Kite retains rights to supply viral vectors, tiered royalties of 7-13% on Yescarta and Tecartus sales in mainland China, Hong Kong, and Macau, and 2-4% on future pipeline sales. In 2023, Fosun Kite recorded $34 million in revenue. Yescarta has treated over 700 patients in China since June 2021 approval, with a list price of about $170,000, amid challenges in patient access and reimbursement. |
| Jul 2020 | Strategic investment | Kite Pharma; Fosun Pharma | $20M | - | Fosun Kite Biotechnology is a joint venture between Shanghai Fosun Pharmaceutical Co. Ltd. and Kite Pharma (now part of Gilead Sciences) focused on cell therapy in China. The company commercialized Yi Kai Da (Axicabtagene Ciloleucel), the first CAR-T cell therapy approved in China in June 2021, and also holds rights to Tecartus. In September 2024, Fosun acquired Kite's 50% stake in the joint venture for $27 million and committed an additional $10 million investment, gaining full operational control while Kite retained royalty rights on sales. By 2023, Fosun Kite had recorded 242 million Chinese yuan (approximately $34 million) in revenue, with Yescarta treatment reaching over 700 patients since approval. The company operates with over 400 employees, maintains an R&D center with an extensive pipeline, and a manufacturing facility with advanced GMP preparation capabilities. |
Who has invested in Fosun Kite Biotechnology?
3 investors have backed Fosun Kite Biotechnology across its funding rounds, including Fosun Pharma, Fosun Health Capital and Kite Pharma.
Lead investors include Fosun Health Capital and Fosun Pharma.
Fosun Kite Biotechnology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jul 2020 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialFosun Kite Biotechnology Competitors
Fosun Kite Biotechnology competitors include listed companies like PureTech Health, BridgeBio Oncology, Recbio and Larimar Therapeutics, and private ones like Apnimed and Cellarity.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $5M | ($75M) | $393M | 13.6x | ||
| Private | - | - | $394M | - | ||
| Publicly listed | - | ($145M) | $392M | - | ||
| Publicly listed | $2M | ($72M) | $391M | 250.3x | ||
| Publicly listed | - | ($165M) | $396M | - | ||
| Private | - | - | $398M | - |
Fosun Kite Biotechnology Public Comps
Fosun Kite Biotechnology is still privately-owned, but its public comps include PureTech Health, BridgeBio Oncology, Recbio, Larimar Therapeutics, Benitec Biopharma, Hansa Biopharma, Lumosa Therapeutics, Rocket Pharmaceuticals, Formycon and Zota Health Care.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5M | ($75M) | 27.8x | 13.6x | (1.7x) | (1.4x) | |||
| - | ($145M) | - | - | (1.2x) | (0.8x) | |||
| $2M | ($72M) | 243.7x | 250.3x | (6.4x) | (6.9x) | |||
| - | ($165M) | - | - | (1.5x) | (1.6x) | |||
| - | ($51M) | - | - | (4.3x) | - | |||
| $23M | ($39M) | 19.2x | 10.6x | (11.3x) | 17.6x | |||
| $1M | ($11M) | 338.8x | 332.7x | (34.6x) | - | |||
| - | ($221M) | - | 156.8x | (0.6x) | (0.8x) | |||
This data is available for Pro users. Sign up to see all Fosun Kite Biotechnology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Fosun Kite Biotechnology
| When was Fosun Kite Biotechnology founded? | Fosun Kite Biotechnology was founded in 2017. |
| Where is Fosun Kite Biotechnology headquartered? | Fosun Kite Biotechnology is headquartered in Shanghai, China. |
| Is Fosun Kite Biotechnology publicly listed? | No, Fosun Kite Biotechnology is a private, VC-backed company. |
| What is Fosun Kite Biotechnology's valuation? | Fosun Kite Biotechnology was last valued at $393M in its Series A in October 2025. |
| How much funding has Fosun Kite Biotechnology raised? | Fosun Kite Biotechnology has raised $106M across 3 funding rounds. |
| What was Fosun Kite Biotechnology's last funding round? | Fosun Kite Biotechnology's last funding round was a $84M Series A in October 2025, led by Fosun Health Capital. |
| Who are Fosun Kite Biotechnology's investors? | Fosun Kite Biotechnology's investors include Fosun Pharma, Kite Pharma and Fosun Health Capital. |
| Which companies are comparable to Fosun Kite Biotechnology? | Companies comparable to Fosun Kite Biotechnology include PureTech Health, Apnimed, BridgeBio Oncology, Recbio, Larimar Therapeutics and Cellarity. |
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