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VC Roundup: October Brings Several New Venture Funds, Including Third Rock’s Fourth

 
• By Mandy Jackson

Third Rock closed a $616m venture capital fund, exceeding the firm’s goal of $600m to fund newly formed biopharma companies, following Sofinnova and others with new VC and debt funds for early- to mid-stage life science companies. Also, five drug developers raised $256m in new VC cash.

Third Rock Ventures has raised its fourth and largest venture capital fund at $616m, joining at least three other groups that closed new life science-focused VC and debt funds in October for a total of $1.64bn.

Boston-based Third Rock revealed its new fund on Halloween after scaring up enough cash from new and existing investors to...

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Chinese Biotech VC/PE Fundings Rise But Still Modest

 
• By Dexter Jie Yan

LTZ Therapeutics and Beijing Sungen Biomedical are among the Chinese biotechs raising new funding, of around $40m each, based on their clinical assets with novel mechanisms of action. While fundings have risen, they remain moderate however.

Finance Watch: Vera Raises Debt, Taysha And Trevi Price Offering After Big Trial Wins

 
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Angelini Advances Brain Health Ambitions With GRIN Pact

 
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Quick Listen: Scrip’s Five Must-Know Things

 
• By Ian Haydock

In this week's episode: Sanofi’s Blueprint buy; AstraZeneca’s breast cancer resistance results at ASCO; BMS and BioNTech’s big bispecific deal; Kymera’s Dupixent in a pill; and Degron’s CEO on pipeline and strategy.