Hot Life Science Investor Mandate 3: PE Firm Looking for Biotech Diagnostics – May 9, 2013

8 May

A private equity group based in Canada that provides growth equity to firms in North America is looking for new opportunities in the life sciences space, and will make 5-6 new investments next year. They have allocated to five companies within the last twelve months. The firm typically allocates in the tens of millions per firm. They are most interested in the medical device and biotech diagnostics spaces.Two of the fund’s current investments in the life sciences space include a firm in the medical device market, as well as a firm that focuses on diagnostics for women. They are looking for firms that are pre-revenue, and thus, in the biotech diagnostics space, they will consider firms with products in the preclinical, phase I, phase II, and phase III stage of the development process, and in the medtech space they will consider firms that have a prototype of their device.

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