Half-billion dollar fundraise belies downbeat market mood
Set against a turbulent economic backdrop, a major fundraise from the life sciences division of Andera Partners shows there is still significant appetite for investment in the biotech sector.
The Parisian investment group says its BioDiscovery 6 fund has been finalized, with 456 million euros ($442 million) contributed by existing institutions as well as new subscribers.
These include funds of insurance companies, pensions, family offices, private investors and pharmaceutical companies.
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