In the latest examples of biotech venture capitalists and Big Pharma joining forces to prospect for products, Index Ventures announced March 21 that it had raised a new €150 million life sciences venture fund, Index Life VI, and said that GlaxoSmithKline PLC and Johnson & Johnson had committed a combined 50% of the fund’s total capital. Three weeks later on April 10, Merck & Co. Inc. said it added early stage life science venture firm Flagship Ventures to the roster of venture funds it has joined as a limited partner.
The investments signal continued interest in externalizing discovery and early stage development by industry and feature new steps in an...
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