Lilly And Canadian VCs To Fund TVM Life Sciences VII To Develop Single-Asset Companies
This article was originally published in The Pink Sheet Daily
Executive Summary
Lilly and Canadian VCs back a new TVM Life Sciences fund that will invest in a network of single-asset companies in Quebec.
You may also be interested in...
Biopharmaceutical Trends In 2012: Regulatory And Market Strides Paper Over Existential Dilemmas
The biopharma industry enjoyed regulatory success in 2012 that was recognized by investors. The stench from the carcasses of industry’s genericized blockbusters has begun to fade, but R&D productivity for the most part remains poor, expensive late-stage failures abound, and industry is still searching for sustainable business models.
Karolinska Development Put To The Test
Sweden’s publicly traded Karolinska Development AB has turned a close relationship with one of Europe’s top biomedical research institutions into an investment portfolio of two dozen biotech assets, all built as virtual companies. It’s a twist on the asset financing model that’s gaining attention among biopharma VCs, but KD needs a sale or two soon to make its version work.
Financings Of The Fortnight: In The Aftermath Of Facebook IPO, Kythera Steps Up, TVAX And Cancer Genetics Back Off
Plus news on recent financing activity by TVM Capital, Royalty Pharma, Prosonix and Sangart.