The care provider is supplying $50m for its Translational Innovation Fund while $30m is reserved for its Artificial Intelligence and Digital Translation Fund.
US-based healthcare system operator Partners HealthCare has pumped $80m into its corporate venturing activities, launching two new investment vehicles yesterday.
Partners Healthcare is channelling $50m over six years into Translational Innovation Fund, which is intended to fund companies developing drugs that are in the preclinical stage, paying particular attention to discoveries made in hospitals the company oversees.
A further $30m will go to Artificial Intelligence and Digital Translation Fund over a five-year period. The vehicle will support the development of…
