BioMedPartners closes new venture capital fund
Basel-based venture capitalist firm BioMedPartners has closed its new venture capital fund BioMedInvest III at 100 million Swiss francs. The fund will help drive growth in the Swiss life science cluster by investing in private early-to-mid-stage companies.
Main investors in the BioMedInvest III healthcare venture capital fund are the European Investment Fund (EIF) and the Berner Kantonalbank (BEKB). According to Markus Hosang, General Partner at BioMedPartners, his company also succeeded in gaining the Basellandschaftliche Kantonalbank (BLKB) and several important individuals as new investors.
“We are proud of having established BioMedPartners as a leading venture group and early-stage life science investor in Europe over the last 15 years since its inception,” added Thomas Möller, General Partner at BioMedPartners. “The successful closing of our third equity venture fund is also a major milestone for the future growth of the Life Science Cluster in Switzerland.”
The Basel-based company will invest 100 million Swiss francs in 12 to 15 biopharmaceutical, medical device and diagnostics companies. It will also take an active role in these companies by providing its expertise and access to its network of industry experts and scientific leaders.
The fund’s focus is on Swiss companies as well as those from neighbouring countries. For instance, its first three investments are: Allecra Therapeutics, a French antibiotics company based in the Basel area, Amal Therapeutics in Geneva, and the German biotech company Cardior Pharmaceuticals.
Share this article
You might also be interested in
A research project is investigating the improvement in the condition of patients who have been hospitalized due to COVID-19. docdok.health based in Basel is contributing the smartphone app for the project.Read More
The Allschwil-based pharmaceutical company Idorsia receives a payment of 45 million US dollars as part of an agreement with Neurocrine Biosciences and shall also be entitled to claim milestone payments in future. Neurocrine has exercised a licensing option for a drug developed by Idorsia to treat epilepsy..Read More
Roche has received Emergency Use Authorization in the USA for an antibody test in connection with the novel coronavirus. The tests are already being distributed around the world. In May, production capacities are to already be scaled up to the high double-digit million area.Read More
Basel is valued as a location for company headquarters. In a rating from the fDi Intelligence platform of the Financial Times, Basel achieves eighth place in Europe. No other Swiss city does better.Read More
The investment and innovation promotion agency Basel Area Business & Innovation, previously known as BaselArea.swiss, can look back on a successful year in 2019. In this regard, positive developments in the healthtech sector and in Switzerland Innovation Park Basel Area stand out.Read More
The University Hospital Basel is the first Swiss hospital to have treated two Covid-19 patients with the plasma from a patient who has recovered from the virus, which means that they are receiving the appropriate antibodies. This method is a potential therapeutic option.Read More
The Basel-based Botnar Research Center for Child Health is providing capital in the amount of 15 million Swiss francs to its four partner institutions. In this way, the University of Basel should be in a position to advance research into dealing with the coronavirus outbreak.Read More