Celtic Pharma Sees a Role for Private Equity in Biotech

The recently launched private equity firm Celtic Pharma aims to bridge the gap between biotech companies that have trouble financing R&D for mid- to late-stage projects and the Big Pharma firms desperate to rebuild their pipelines. The group's first fund, at around $1 billion, aims to bring together approximately 20 late-stage projects, take each through to regulatory approval, and license them out to the highest bidder.