In Sixth Fund to Invest in the Future of Medicine Omega Funds Raises $438 Million

Medicine

Omega Funds, a main worldwide speculation firm centered around conveying significant drugs to patients, today reported the end of Omega Fund VI, L.P. (“Store VI”), with $438 million in capital duties. With Fund VI, the firm will keep on executing on its procedure of making and putting resources into life sciences organizations that focus on the most critical medicinal needs. Since its beginning in 2004, Omega Funds has raised more than $1 billion to put resources into extraordinary business people creating imaginative items over various helpful regions, including oncology, immunology, uncommon sicknesses, accuracy drug and others.

Omega Funds has a solid reputation of recognizing and supporting extraordinary supervisory crews and organizations by giving space information and point of view, arrange availability, and capital. Omega Funds’ portfolio organizations have offered 37 new items for sale to the public and the company’s ventures have added to 24 effective portfolio organization IPOs and 35 portfolio organization exits by means of M&A.

“We appreciate the trust from our limited partners and their support of our distinctive investment style, which is guided by our conviction in people, products and breakthrough ideas, not by conventional categories,” said Otello Stampacchia, Ph.D., Managing Director of Omega Funds. “Fund VI builds on our modus operandi aimed at investing in and, in many cases, actively combining innovative science with exceptional founders and company builders.”

Store VI is arrange rationalist and is relied upon to be sent crosswise over organizations in the U.S. what’s more, Europe. Like past assets, Fund VI speculations will incorporate an assortment of speculation draws near, from organization establishing and creation to early wander adjusts and late-arrange open contributing, just as immediate optional exchanges.

“We appreciate the trust from our limited partners and their support of our distinctive investment style, which is guided by our conviction in people, products and breakthrough ideas, not by conventional categories,” said Otello Stampacchia, Ph.D., Managing Director of Omega Funds. “Fund VI builds on our modus operandi aimed at investing in and, in many cases, actively combining innovative science with exceptional founders and company builders.”

Omega Funds additionally reported today that industry veteran Bernard Davitian will join the firm as a Partner, starting January 2020. Ongoing increases to the Omega Funds group likewise incorporate Deirdre Cunnane, J.D., who joined as Chief Operating Officer and General Counsel in October 2019, just as Paulina Hill, Ph.D., who joined as Principal, and Katie Kerfoot, who joined as head of Investor Relations, both of whom participated in January 2019.

Mr. Davitian has broad involvement with the existence sciences and biotech industry, set apart by various fruitful exchanges including financings and M&A. They recently filled in as SVP and Managing Director at Sanofi Ventures, having first joined Sanofi in 2010 as Vice President, Deputy Global Head, Business Development. Before Sanofi, Mr. Davitian held positions of authority at Fovea Pharmaceuticals, which was offered to Sanofi in 2009 out of a €370 million money exchange, Neurotech Pharmaceuticals, Transgene, which effectively brought $100 million up in a 1998 IPO on the NASDAQ and EuroNext, just as Institut Mérieux (presently Sanofi Pasteur).

Ms. Cunnane, COO and GC, has held comparable jobs both in adventure reserves and inside a biotech organization. They joins Omega Funds from Catabasis Pharmaceuticals, a traded on an open market biotech organization where they held different initiative situations in the course of recent years. Before joining Catabasis, Ms. Cunnane filled in as General Counsel at Advanced Technology Ventures and Lightstone Ventures.

Preceding joining Omega Funds, Dr. Slope was on the medicinal services group at Polaris Partners since 2012. She finished their postdoctoral association in Robert Langer’s lab in the Chemical Engineering division at the Massachusetts Institute of Technology and earned their Ph.D. in Molecular Medicine from the Wake Forest University School of Medicine.

Ms. Kerfoot joined Omega Funds to lead the company’s interchanges procedure and financial specialist relations activities, including showcasing and gathering pledges. Preceding joining Omega Funds, they secured claim to fame pharmaceutical organizations as a value investigate expert at Wells Fargo Securities and BMO Capital Markets in New York. Ms. Kerfoot has a broad news coverage foundation, remembering for air detailing with a NBC-subsidiary neighborhood news station and a national online news organize.

About Omega Funds

Established in 2004, Omega Funds is a main global venture firm that makes and puts resources into life sciences organizations that focus on our reality’s most dire medicinal needs. Omega centers around recognizing and supporting organizations through worth expression focuses over the full bend of development, from organization arrangement through clinical achievements and business selection. Omega Funds’ portfolio organizations have put up 37 items for sale to the public in different restorative territories, including oncology, uncommon illnesses, accuracy drug and others. It would be ideal.

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Digital Health journalist was involved in the writing and production of this article.

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