Panacea Venture proposes $150M fund

Kleiner Perkins Caufield & Byers (Menlo Park, Calif.) spinout Panacea Venture proposed to raise $150 million for Panacea Venture Healthcare Fund I, according to an April 3 SEC filing.

Mi Hai and James Huang are directors of the fund. Huang is a managing partner at Kleiner Perkins Caufield & Byers China and Hai is a founder of Panacea and a partner at KPCB China...