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LPs More Discerning but Willing; Sofinnova's Fund Raises $440M

By Jennifer Boggs


Monday, October 17, 2011
After a bleak third quarter, during which venture investments in biotech dropped 12 percent from last year, the sector was due for some good news: Sofinnova Ventures stepped up, closing an oversubscribed $440 million fund to invest in life sciences. (See BioWorld Today, Oct. 5, 2011.)

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