Backing New Index Fund, GSK, J&J Buy Into Asset-Centric Vision Of Biotech Future

Index Life VI is the first life-sciences-only fund for Index; GSK’s Moncef Slaoui and J&J’s Paul Stoffels are on scientific advisory board.

AMSTERDAM – In the latest example of biotech venture capitalists and Big Pharma joining forces to prospect for products, Index Ventures announced early March 21 that it had raised a new €150 million life sciences venture fund, Index Life VI, and said that GlaxoSmithKline PLC and Johnson & Johnson had committed a combined 50% of the fund’s total capital.

Index has been an early and vocal proponent of asset-centric investing, in which company creation is eschewed in favor of a leaner, less expensive drug discovery and early development environment...

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