GSK Ventures Into The Device World Through Bioelectronic Investment

The British pharma has financed a new venture fund to create a presence in an emerging technology and help jump-start the fledgling industry because it believes that the science has reached a transition point.

GlaxoSmithKline PLC has now put into place the third prong of its strategy to become a leader in the bioelectric medicine and technology space with the inception of a $50 million venture capital fund that will give a “jump start” to entrepreneurs in the field.

The fund, dubbed Action Potential Venture Capital, has a clear mission to invest in five to seven start-ups that are making progress in the field of bioelectrical medicine. Like other...

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