Finance Watch: Three New Funds Bring $1.6bn-Plus For Biopharma Firms Globally

VC Financings Pick Up Pace Ahead Of JPM

Private Company Edition: TCGX raises $1bn for its second fund, Goldman Sachs’ first fund totals $650m and Panlin’s biopharma fund grows. Also, Apollo’s series C increases to $260m, Avistone closes a $140m series B, OnCusp raises a $100m series A and HI-Bio grabs $95m in series B cash.

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In a sure sign that the annual J.P. Morgan Healthcare Conference in San Francisco will soon be under way, the waning days of December and the first week of January brought a deluge of new funding announcements, both from investors with fresh capital to back biopharmaceutical companies and from drug developers that have raised cash to support their research and development programs.

TCG Crossover (TCGX) revealed on 4 January that it closed its second fund, TCGX Fund II, with $1bn to back...

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