Flagship Ventures – now known as Flagship Pioneering – recently changed its name to reflect its focus on life science startups and raised a new $285m fund so that it can boost its ownership stake as companies that the venture capital firm has created evolve.
Cambridge, Massachusetts-based Flagship often does more than just acquire some intellectual property and build a company around it. The VC firm invests in the underlying science, developing the technology in-house before financing the platform that’s built or the therapeutic candidates that are discovered in Flagship’s own labs
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