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Biotechnology
Blackstone raises $4.6 billion for life sciences fund
by Michael McCoy
July 18, 2020
| A version of this story appeared in
Volume 98, Issue 28
Blackstone says it has raised $4.6 billion for what it calls the largest-ever private life sciences investment fund. Nicholas Galakatos, an organic chemist who runs the fund, says investors are drawn to Blackstone’s scale and expertise. Money from the fund has already gone to the purchase of royalties for inclisiran, a molecule discovered by Alnylam Pharmaceuticals; and investments in Reata Pharmaceuticals and in Medtronic diabetes management products.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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