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First UK Debt Financing Fund For Life Sciences Raises $762m

 
• By John Davis

The first life sciences-focused specialized investment fund, BioPharma Credit, has completed an IPO in London, lifting the spirits of the investment community pondering the long-term consequences of the country withdrawing from the EU.

IPO lightbulb

A specialized investment fund, BioPharma Credit, started trading on the London Stock Exchange on March 30, following a substantial initial public offering (IPO) that raised double its initial target and answering those calling for the UK to build up its financial “ecosystem” for life science companies.

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