Pharmaceutical company Chiesi Group has launched a corporate venture capital fund, Chiesi Ventures, targeting companies focusing on the treatment of rare diseases.

Italy-based pharmaceutical and specialist medicine company Chiesi Group has formed Chiesi Ventures, a corporate venture capital fund to target early-stage investment opportunities in companies focused on the treatment of rare diseases.  

The fund, which will operate as an independent investment vehicle while maintaining a strategic connection with the Chiesi Group, has been formed in collaboration with life sciences focused venture capital firm A.M Pappas & Associates.

Chiesi Ventures will be based in the US and Italy and will focus on…