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Finance Watch: A Bountiful November Harvest For Venture-Backed Biopharma

 
• By Mandy Jackson

Five funds raised more than $1bn to back biotech firms; Arcus leads recent VC rounds with $107m GV-backed Series C; Celgene, Valeant sell notes to retire debt; and Alnylam cashes in on investor goodwill.

Finance Watch

Five big investments in health care and life science funds since the end of October delivered more than $1bn in new financing for companies developing biopharmaceuticals and related technology.

The new capital includes a $50m investment in the Dementia Discovery Fund that Microsoft founder and billionaire philanthropist Bill Gates announced on Nov. 13. (Also see "Gates Injects UK-US Dementia Discovery Fund With $50m And Fresh Purpose" - Scrip, 14 November, 2017.) Also, BioGeneration Ventures said on Oct. 31 that it closed an €82m ($96.7m) fund to seed new companies

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