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New EUR420m Fund for Life Sciences in Luxembourg

01.09.2011

New York - US-American investment firm OrbiMed announced the closing of a new fund for life science companies in the health sector. The fund acquires healthcare royalty streams and provides structured debt capital to healthcare companies. "Royalty Opportunities sarl" is domiciled in Luxembourg and will invest in Europe and worldwide. The fund managers have significant cash at their hands: the investors having forked out some €420m.
"Life sciences companies are typically dependent on equity markets to raise new capital," observed Tadd Wessel, a Managing Director on the Royalty Opportunities team. "With this fund, OrbiMed can offer a minimally dilutive capital alternative to fund product launches, M&A opportunities, new product research, and general corporate purposes."
OrbiMed Advisors LLC is a investment firm dedicated exclusively to the healthcare sector, with more than $5 billion in assets under management. OrbiMed invests across the entire spectrum of healthcare companies on a worldwide basis.

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29.03.2012

Brussels – Promethera Biosciences has completed a Series B financing round, generating proceeds of €23.6m. The Belgian cell therapy company secured a capital increase of €17m from its new investors, among them the venture arms...

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19.03.2012

Leuven – Biopharmaceutical company ThromboGenics has entered into an agreement with Alcon Inc., a division of Novartis for the commercialisation of its product ocriplasmin in all markets outside the U.S. ThromboGenics said it...

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20.02.2012

Amsterdam - Amsterdam Molecular Therapeutics has announced a financial manoeuvre which is aimed to get the biotech out of a dead end. The assets and – more importantly – the liabilities of the drug developer will be acquired by...

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10.02.2012

Glasgow/Leuven - With a little help from the EU, two biotech companies are banding together to develop the first stem cell therapy against rheumatoid arthritis. UK-based Sistemic will work with TiGenix to develop the Belgian's...

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25.01.2012

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Heerlen - Royal DSM N.V will be the industrial partner to the Panoptes consortium, which aims to develop novel drug delivery technology for the posterior eye segment. The four year project is supported by EUR4m in funding from...

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04.01.2012

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16.12.2011

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