OrbiMed targeting $950M for Fund VI

OrbiMed Advisors has set a $950 million target for a new fund, according to an SEC filing, which said the firm has not yet raised any money for OrbiMed Private Investments VI. OrbiMed did not respond to inquiries.

OrbiMed closed its fifth fund in 2013 with $735 million (see BioCentury, Nov. 11, 2013). ...