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MPM Raises $400m To Build Early-Stage Biotechs

 
• By Kevin Grogan

The venture capitalist builds biotechs from scratch and with this latest fund, MPM is looking to add to its sector-leading record of 49 FDA-approved drugs and over 100 IPOs and acquisitions.

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MPM aims to support biotechs through every step of development • Source: Shutterstock

MPM Capital, the US-based life-sciences venture capital firm, has set up its seventh fund and raised $400m to invest in early-stage biotechs.

The focus of the fund, called BioVentures 2018, will be to tap into "disruptive scientific developments across multiple therapeutic areas,"...

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