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GSK Venture Capital Arm Goes Independent With $500m Fund

SR One Focused on Establishing Elite US And EU Biotechs

 
• By Kevin Grogan

Having been under GSK's umbrella since 1985, SR One is striking out on its own, having closed the largest first-time VC fund this year.

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SR One was GSK's VC ARM for 35 years • Source: Archive

One of the most successful pharma venture capital arms in the industry, GlaxoSmithKline plc's SR One, has completed its spinout from the UK drugs giant and unveiled a $500m fund to invest in the next wave of innovative biotechs on both sides of the Atlantic.

SR One was founded in 1985 by GSK and has been instrumental in supporting a number of start-ups that have become major players in the sector, such as CRISPR Therapeutics AG and Principia Biopharma, Inc., which was recently snapped up by Sanofi for $3.7bn

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