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Amryt Pharma PLC completes Chiasma Inc acquisition

Amryt Pharma PLC completes Chiasma Inc acquisition
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Amryt completes acquisition of US drug company, Chiasma

Amryt completes acquisition of US drug company, Chiasma
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Israel Biotech Fund ready to expand portfolio after closing $112 million second fund

Israel Biotech Fund (IBF), founded by Dr. David Sidransky, Dr. Yuval Cabilly and Ido Zairi, announced the closing of its second fund with a total of $112 million. The fund will focus on the investment and formation of Israeli biotech and pharma companies developing drugs at different stages of development and for various indications. Amongst the main limited partners of fund II are Harel Insurance, BMS, an international pharmaceutical company, and the CBG fund. The second fund will continue its collaboration with the international advisory team of the fund, which includes, among others, Dr. Sol Barer, founder of Celgene and Chairman of Teva, and Jeff Kindler, former CEO of Pfizer.

Israel Biotech Fund closes $112m second fund

Israel Biotech Fund closes $112m second fund IBF focuses on investments in drug development and medical diagnostics companies in all stages. Israel Biotech Fund (IBF) has closed its $112 million second fund. The fund was founded by managing partners Dr. David Sidransky, Dr. Yuval Cabilly, and Ido Zairi. The main investors in the second fund include Harel Insurance Investments and Financial Services Ltd. (TASE: HARL), pharmaceutical giant Bristol Myers Squibb (BMS) and the CBG Capital private equity fund. IBF s second fund is larger than its first fund, which amounted to $70 million, and slightly larger than the amount that it set out to raise.

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