Knight salutes Sectoral fund with $13m investment

Jul 2, 2014 • Mark Chatterley

The pharmaceutical company has committed the capital to a healthcare venture fund formed by investment firm Sectoral Asset Management.

Canada-based pharmaceutical company Knight Therapeutics has agreed to invest $13m in Canada-based investment firm Sectoral Asset Management’s New Emerging Medical Opportunities Funds II (NEMO II).

Sectoral, which has $3.6bn of assets under management as of the end of March 2014, targets companies in the healthcare sector and will encourage its portfolio companies in the NEMO II fund to choose Knight Therapeutics as their preferred supplier.

Jonathan Ross Goodman, chief executive of Knight, said: “Sectoral is an ideal partner from which…

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