April 29, 2021
April 29, 2021 | Illumina joins the Gates Foundation in a global pathogen genomics initiative, new money for immune profiling, and Benchling nets $200M for their cloud platform.
$375M: Fund for Growth-Stage Medtech, Digital Health
Endeavour Vision has closed Endeavour Medtech Growth II (EMG II) LP at USD 375 million in capital commitments. The fund will pursue the same strategy as its predecessor: to support growth-stage medtech and digital health innovations that advance the standard of care and bring efficiencies to healthcare systems. Both new and returning investors supported EMG II LP, including public pension funds, multi-manager funds, family offices, and high-net-worth individuals. EMG II LP builds on Endeavour Vision’s two decades of healthcare investing, which to date has included over USD 500 million invested in 42 companies 21 of which have exited via an acquisition or IPO. The fund has already supported seven companies with investm
Published: Apr 29, 2021 By Alex Keown
We Are Pioneer Group, a new U.K.-wide life sciences ecosystem has been formed through the merging of accelerators BioCity and Knowledge Factory with Trinity, a property firm. The formation of Pioneer Group creates a £450m business across nine locations across England, Scotland and Wales that includes 2.6 million square feet of lab space and offices. Pioneer Group includes 650 different businesses, approximately 10% of the U.K.’s life sciences ecosystem.
The landmark deal has been funded by Trinity and global real estate investor firm Harrison Street, which own the underlying real estate through their existing joint venture. The formation of We Are Pioneer Group creates the U.K.’s largest life sciences ecosystem, helping to connect companies with potential partners and promoting tech transfer between universities, research institutions and the private sector.
Yosef Harash
Apr. 26, 2021 10:41 PM
The coronavirus pandemic ran roughshod over the Israeli economy last year, but CofaceBDI said on Monday that the rate of publicly traded companies given a “going concern” warning, meaning their auditors had doubts about their survivability and ability to repay debt, actually fell in 2020.
Figures from the business research firm showed that only 6.4% of companies traded on the Tel Aviv Stock Exchange had a going concern warning appended to their financial reports last year, down from 8.9% in 2019.
But Tehila Yanai, CofaceBDI’s CEO, said the decline didn’t reflect an improved economic situation for most businesses in Israel.