Asia-Pac expansion

Australian VC Octa Phillip Bioscience Managers will cast a wider net with its new fund, looking to both spend money and attract investors in the broader Asia Pacific.

Last week, the firm's Asia Pacific Healthcare Fund II had a first close of A$55 million ($56.9 million). Bioscience Managers is seeking an A$100 million ($103.5 million) close for the new fund by next September...