Bain creates $1.1B fund for fresh round of life science bets

fiercebiotech | June 13, 2019

Bain Capital has raised a $1.1 billion life sciences fund to place another round of big bets. The fund sets Bain up to continue striking eye-catching deals such as the Pfizer spinouts it bankrolled through its first life science investment vehicle. Private investment firm Bain set up its first life science fund in 2016, pulling in $600 million from third parties and adding $120 million from its own coffers. Since then, Bain has been involved in some of the biggest investments in biotech, eschewing early-stage companies in favor of businesses that have gone some way toward validating their pipelines. That focus led Bain to commit $350 million to a startup that acquired Pfizer’s neuroscience pipeline and help another Pfizer spinout raise $228 million. Now, Bain has raised another $900 million from outside investors for its second life science fund, Bloomberg reports. With Bain committing around $180 million of its own money to the investment vehicle, the overall fund is about 64% bigger than its predecessor.

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Agricultural biotechnology is a collection of scientific techniques used to improve plants, animals and microorganisms.

Spotlight

Agricultural biotechnology is a collection of scientific techniques used to improve plants, animals and microorganisms.

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CELL AND GENE THERAPY

iTolerance to Collborate with LyGenesis for Joint Research

iTolerance | July 01, 2022

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CELL AND GENE THERAPY

CSL Plasma Reimagines Donor Experience With First Donations Completed on Innovative Plasma Collection Technology

CSL Plasma | August 08, 2022

CSL Plasma, the plasma collection business of global biotherapeutics leader CSL Behring, began a new era in plasma donations, collecting its first plasma donations using leading-edge plasma collection technology that is expected to significantly reduce average collection time – by approximately one-third – and improve the donor experience. The Rika Plasma Donation System, only available at CSL Plasma and developed by Terumo Blood and Cell Technologies, is designed to reduce collection time, and improve the donor and operator experience. When considering prior average CSL Plasma donation procedure times, this could represent about a 30% reduction in average donation time for donors. The new plasmapheresis system first launched today in the Aurora, Colorado, CSL Plasma location, as part of a phased rollout to CSL Plasma U.S. collection centers. Plasma collected at CSL Plasma facilities is used in the manufacturing of lifesaving plasma-derived therapies. "Today marks a threshold moment for plasma donors following years of dedication, innovation and collaboration – demonstrating how we are driven by our promise in delivering lifesaving and life-extending therapies to patients around the world. We look forward to the positive impact this new technology brings and are thankful for plasma donors who continue to do the amazing every day when they donate at CSL Plasma." CSL Chief Operating Officer Paul McKenzie CSL Plasma believes features of the new Rika system can enable the collection of more plasma, in shorter periods of time, supporting quality and safety, and, ultimately, better serving patients who rely on plasma-based therapies. One of the first plasma donors to experience the Rika system, Kelly Geiser is a resident of the Denver area. She has donated plasma since 2017, and is a Platinum level donor as part of CSL Plasma's donor loyalty program, iGive Rewards®. 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MEDTECH

Carl Zeiss Meditec and Precise Bio Announce Partnership in the Development and Commercialization of Tissue-Based Implants for Ophthalmology

Precise Bio | July 19, 2022

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