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VC Roundup: Infectious Disease Startup Snags $150m And Former Biogen CEO Scangos

 
• By Mandy Jackson

ARCH invests $150m in the Scangos-led Vir Biotechnology; Flagship recruits ex-Novartis executive Epstein; Versant closes a new $400m fund; and $601.1m in 11 other recent VC funding rounds.

Big money continues to flow into biopharmaceutical startups, especially those helmed by former big pharma and large biotech executives – the latest being Vir Biotechnology Inc., which recruited ex-Biogen CEO George Scangos to head up the infectious disease-focused firm.

ARCH Ventures Partners Co-Founder Robert Nelson dreamed up Vir’s business platform for curing, treating and preventing infectious diseases and ARCH...

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