Investment firm Deerfield Management launched a $550m healthcare fund yesterday backed by Seattle Children’s Hospital, New York-Presbyterian Hospital and cancer research centre Memorial Sloan Kettering.
Deerfield Healthcare Innovations Fund’s other limited partners include Princeton and Northwestern Universities and philanthropic organisation Robert Wood Johnson Foundation.
The fund will seek out companies working on treatments for genetic diseases, orphan diseases and cancer. It will also invest in startups that are creating new technologies to develop and deliver drugs.
Returns on investments not…
