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Finance Watch: Two New VC Funds Raise $500m; One New US IPO; And Galena's 'Strategic Review'

 
• By Mandy Jackson

Pivotal and Biomatics launch new VC funds totaling $300m and $200m, respectively; Spero raises a $51.7m Series C round; BeyondSpring is March's only US IPO, so far; Aurinia and TG Therapeutics capitalize on positive data with secondary offerings; and Galena hires a "strategic review" advisor.

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Two new life science venture capital funds launched recently with $500m to invest in biopharmaceutical and genomics firms, showing that funding for early-stage companies continues to be an attractive investment space, despite the slowdown in initial public offerings – one of two major exits for VC investors.

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