A Temasek-backed Chinese genomics firm has kicked off its latest fundraising round with a target of up to $200 million, drawing interest from investors including Hillhouse Capital Group and Sequoia Capital China, two people with direct knowledge of the matter said.

WuXi NextCODE is currently pitching the round to prospective investors as part of a process that outlines key details of the financing, including the valuation of the firm and investor rights. It plans to close fundraising in July, according to the sources.

The genomics arm of WuXi AppTec, China’s largest contract medical researcher, said earlier this month Singapore state investor Temasek and Jack Ma’s private equity firm Yunfeng Capital had co-led a $75 million financing round into the company.

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