Economic uncertainty tied to the ongoing COVID-19 pandemic did not keep the life science-focused venture capital firm venBio from being able to close its third fund, which totaled $394m. In fact, the fund was oversubscribed, surpassing venBio’s initial goal of $250m, with heavy interest from big pharma companies and other investors, according to managing partner Corey Goodman.
Goodman told Scrip that venBio and its investors began to discuss the possibility of a near-term economic downturn at least...
