Abingworth Tight-Lipped On $1.5bn Clinical Trials Fund Reports

The Carlyle-backed venture capital group is said to be working on a new fund to help finance up to eight late-stage clinical studies through potential partnerships with big pharma for a share of royalties. The move would be in keeping with its recent investment activities.

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Life sciences venture capital major Abingworth is reportedly looking to raise up to $1.5bn in funding to be deployed for clinical development projects partnered with pharma companies in return for future royalties.

The investment group, acquired by US private equity giant Carlyle in 2022, is planning to use the fund to finance up to eight late-stage clinical...

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