ARTICLE | Financial News
OrbiMed closes third Asia fund
September 5, 2017 11:21 PM UTC
OrbiMed closed OrbiMed Asia Partners III at $551 million, well above the firm's second Asia-focused healthcare fund, which closed in 2014 with $325 million.
OrbiMed's Carter Neild told BioCentury that like its previous Asia-focused funds, the new fund will focus on growth stage companies in China and India. Investments are expected to be evenly split among therapeutics, services and medtech/diagnostics companies. ...