Volume 94 Issue 6 | p. 17 | Concentrates
Issue Date: February 8, 2016

GSK And J&J Back Medicxi Fund

Department: Business
Keywords: pharmaceuticals, biotech, venture capital

Life sciences venture capital firm Medicxi Ventures, recently spun off from Index Ventures, has closed a $250 million fund devoted to early-stage investments. GlaxoSmithKline and Johnson & Johnson have upped their stake in the fund, which is primarily focused on opportunities in Europe. Medicxi will continue Index’s “asset-centric” model, in which virtual companies are set up to develop a single therapy rather than a pipeline of drugs.

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