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Carlyle Bets Big On Late-Stage Biotech With Abingworth Buy

Partners Set Up Launch Tx

 
• By Kevin Grogan

Tapping into Abingworth’s pioneering clinical co-development model, the private equity behemoth is using that experience to form Launch Therapeutics which will seek to partner with biotech and biopharma on "best‐in‐class, late‐stage clinical assets [and] bring life‐saving therapies to market better, faster and cheaper."

Hitting bigger business target
Carlyle Widens Its Healthcare Circle With Abingworth Buy (Shutterstock)

Mid-sized pharmas with promising pipelines and biotechs on the hunt for funds to run pivotal trials will be excited by the news that US private equity giant Carlyle is acquiring the transatlantic life sciences investment stalwart Abingworth, with the partners forming a new entity – Launch Therapeutics – to help speed innovative late‐stage assets to market.

Carlyle, which has around $300bn of assets under management, is snapping up one of the most established biotech venture capital firms in Abingworth, having been founded in 1973

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