New investment fund raises $310 million for biotech incubation

8 February 2024

New York-based healthcare investor Scion Life Sciences has closed its inaugural fund, with commitments of $310 million having been made.

The money will be used to found and build biotechnology companies that discover, develop and seek to commercialize new therapies in areas of high unmet medical need.

An affiliate of Petrichor, Scion was founded and is led by investors Samuel Hall and Aaron Kantoff, together with Petrichor managing partner Tadd Wessel.

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