Abingworth raises $105 million for first dedicated clinical co-development fund
Life sciences investment group Abingworth today announced the closing of the $105 million Abingworth Clinical Co-Development Fund (ACCF), its 11th life sciences fund. ACCF was oversubscribed, exceeding its target of $100 million, and will co-invest with other Abingworth funds.
ACCF is a novel investment vehicle focused on investing in late-stage therapeutic clinical programmes derived from pharmaceutical and biotech groups through Abingworth co-development portfolio companies. These co-development companies finance the late-stage trials and incur all of the clinical and regulatory risk. They receive a pre-negotiated return once the drug is approved.
Investment in SFJ Pharma helped in Lenvima development
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