Hot Life Science Investor Mandate 4: Corporate VC Fund Seeks Novel Healthcare Technologies Including Cell and Gene Therapies

9 Jul

The corporate VC arm of a large pharmaceutical company manages an evergreen fund with $400 million in assets under management. The firm looks to make investments generally in seed and Series A rounds with up to $10 million initially and up to $25 over the lifetime of the investment. The firm is open to reviewing opportunities from all around the globe.

The firm is currently interested in companies operating in sectors of therapeutics, diagnostics, medical devices and healthcare IT. The firm is fairly open to all types of technologies within these sectors pending that it be truly novel. The firm is not interested in pure reformulations or repurposing plays, and a higher level of interested in the cell and gene therapy spaces. For therapeutics the firm generally looks for companies in either pre-clinical or phase I of clinical development and for devices and diagnostics the firm will generally considers those that are in the clinical or already on the market. Only in cases of drug delivery devices would the firm look early than the clinical stage for devices. The firm is also open to technologies in all indication areas but generally only consider technologies targeting crowded spaces such as diabetes and Alzheimer’s if they are truly disruptive.

The firm is looking for privately held companies with experienced management teams and always look to take a board seat following investment. From time to time members of the firm have acted as management within portfolio companies as well.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com.

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