With big pharma companies on the hunt for new drug candidates to fill their research and development pipelines, demand for innovative ideas from external partners is only increasing, which is why Omega Funds continues to attract the attention of investors for its life science investment funds. The firm announced on 11 December that it closed its sixth fund – Omega Fund VI LP – with $438m to back new and growing drug developers.
Finance Watch: Omega, Perceptive/Xontogeny Raise $648m For Life Science Investments
Private Company Edition: Omega raised $438m for its sixth life science fund, while Perceptive and the accelerator Xontogeny partnered on a new $210m venture capital fund. In VC deals, Zentalis and Black Diamond raised $85m each.
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Private Company Edition: The latest group of drug developers to announce venture capital financings is remarkable for its geographic diversity, from Character Biosciences’ $93m series B round in the US to Augustine’s $85m series B in Belgium to a $29.2m series C for Aculys in Japan.
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