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 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

ChinaShanghai

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$393M (Oct 2025)

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

Fosun Kite Biotechnology valuation by funding round
DateStageValuation
Oct 2025Series A$393M
Sep 2024Strategic 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

Fosun Kite Biotechnology funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2025Series AFosun Health Capital (lead)$84M$393MFosun 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 2024Strategic investmentFosun Pharma (lead)$1M$54MFosun 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 2020Strategic investmentKite 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

Investors in Fosun Kite Biotechnology by funding rounds participated
InvestorHQRoundsRoleFirst check
Fosun PharmaChinaShanghai2LeadJul 2020

This data is available for Pro users. Sign up to see all 3 Fosun Kite Biotechnology investors.

Start Free Trial

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 Trial

Fosun 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.

Public and private companies comparable to Fosun Kite Biotechnology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PureTech HealthUnited StatesUnited StatesPublicly listed$5M($75M)$393M13.6x
ApnimedUnited StatesUnited StatesPrivate--$394M-
BridgeBio OncologyUnited StatesUnited StatesPublicly listed-($145M)$392M-
RecbioChinaChinaPublicly listed$2M($72M)$391M250.3x
Larimar TherapeuticsUnited StatesUnited StatesPublicly listed-($165M)$396M-
CellarityUnited StatesBoston, MAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
PureTech Health$5M($75M)27.8x13.6x(1.7x)(1.4x)
BridgeBio Oncology-($145M)--(1.2x)(0.8x)
Recbio$2M($72M)243.7x250.3x(6.4x)(6.9x)
Larimar Therapeutics-($165M)--(1.5x)(1.6x)
Benitec Biopharma-($51M)--(4.3x)-
Hansa Biopharma$23M($39M)19.2x10.6x(11.3x)17.6x
Lumosa Therapeutics$1M($11M)338.8x332.7x(34.6x)-
Rocket Pharmaceuticals-($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.

See companies similar to Fosun Kite Biotechnology

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial