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Burrill & Co. Launches Fourth Fund With $313 Million And Aims For More

This article was originally published in The Pink Sheet Daily

Executive Summary

Fresh from an exceptional return on its investment in recently-acquired Pharmasset, the San Francisco firm already has enough to make Burrill Capital Fund IV its largest fund yet.

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Rusnano’s Grand Ambitions In Biotech

Now on the ground in Silicon Valley, Russian sovereign fund Rusnano is investing broadly in nanotechnology around the globe, and a lot of those rubles are flowing to US biotech firms, with one major stipulation: help bring innovation and jobs back to Mother Russia.

Gilead Goes For The Gold (Standard) In Plan To Acquire HCV Specialist Pharmasset

The planned purchase price of $11 billion, or $137 a share, an 89% premium over Pharmasset’s closing price on Nov. 18, is by far the highest ever paid for a clinical-stage biotech.

To Russia, With Love: Selecta, BIND To Create Subsidiaries In Financing Deals With Rusnano

The U.S. biotechs, which are independent but share founders and investors, raise a combined $94.5 million from the Russian sovereign fund and U.S. venture firms.

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