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Finance Watch: Three New Funds Bring $1.6bn-Plus For Biopharma Firms Globally

VC Financings Pick Up Pace Ahead Of JPM

 
• By Mandy Jackson

Private Company Edition: TCGX raises $1bn for its second fund, Goldman Sachs’ first fund totals $650m and Panlin’s biopharma fund grows. Also, Apollo’s series C increases to $260m, Avistone closes a $140m series B, OnCusp raises a $100m series A and HI-Bio grabs $95m in series B cash.

Finance Watch Private Company
• Source: Shutterstock

In a sure sign that the annual J.P. Morgan Healthcare Conference in San Francisco will soon be under way, the waning days of December and the first week of January brought a deluge of new funding announcements, both from investors with fresh capital to back biopharmaceutical companies and from drug developers that have raised cash to support their research and development programs.

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