GreenLight Biosciences raises $17m from Malaysia fund for vaccine

US company earmarks new money for 'affordable' coronavirus treatment

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Muslims disperse after they were warned by police outside the closed National Mosque while celebrating the Muslim festival marking the end of Ramadan amid the coronavirus outbreak in Kuala Lumpur. © Reuters

DEVIANA CHUO, DealStreetAsia

SINGAPORE -- U.S.-based bio-performance company GreenLight Biosciences has raised an additional $17 million from new and existing investors, including Malaysian private investment company Xeraya Capital, Baird Capital and global investment company Flu Lab, according to a media statement.

The investment was made through Greenlight Pandemic Response, a special purpose vehicle of GreenLight Biosciences, Xeraya Capital CEO Fares Zahir told DealStreetAsia.

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