Blackstone has raised a new fund called Blackstone Life Sciences Yield (BXLS Yield), providing $1.6bn in additional capital for drug, device and diagnostic developers with late-stage assets. But while the $4.6bn Blackstone Life Sciences Fund V that closed in 2020 focused on product candidates in late-stage development, the new fund is targeting companies with approved products.
Finance Watch: Blackstone Closes $1.6bn Fund To Back Commercial-Stage Companies
Follow-On To $4.6bn Fund Raised In 2020
Public Company Edition: Blackstone Life Sciences Yield will finance approved products, while the firm’s prior fund supports late-stage programs. Also, Coeptis will merge with a SPAC, Bausch + Lomb secured post-IPO debt, and BioXcel revealed a $260m financing and new subsidiary.
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