New biotech venture fund debuts with $300M for a mix of US and European players
There’s another new biotech venture fund in play. And this one is launching with an experienced venture player at the helm and a clear mission to put its money into US and European startups looking to break new ground in drug development.
Welcome Pivotal bioVenture Partners and Managing Director Tracy Saxton. Saxton is a vet of both Roche Venture Fund as well as SV Life Sciences Advisers. And now she’s building a team of six to eight who will be charged with investing $300 million coming from Vincent Cheung and the Hong Kong-based Nan Fung Group, an influential conglomerate which has been spreading its wings beyond big real estate projects into the biotech world.
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