« Return to News | R&D Trends

OrbiMed launches $222 million fund in Israel life sciences

Tuesday, April 24, 2012 12:18 PM

OrbiMed, a global investment management firm focused on the healthcare sector, has closed its first investment fund dedicated to life sciences venture capital opportunities based in Israel. The Fund, OrbiMed Israel Partners Limited Partnership, includes an anchor investment provided by the government of Israel, which also provided special economic terms through the initial tender process for the Fund.

OrbiMed Israel Partners is led by three full-time Israel-based partners, Dr. Nissim Darvish, Anat Naschitz and Erez Chimovits.

 OrbiMed Israel builds on OrbiMed's longstanding investment interest in Israel, which has led to multiple investments over the past decade, including early-stage investments in Given Imaging and SuperDimension (acquired by Covidien).

Dr. Darvish, senior managing director at OrbiMed Israel, said the new fund invests in biotechnology, pharmaceutical, medical device and diagnostics companies at varying stages of maturity, from seed stage through growth equity. It already has made two investments: Keystone Heart, developing an embolic protection device for interventional cardiology procedures, and Otic Pharma, developing foam formulations for ear medication.

OrbiMed is dedicated exclusively to the life sciences sector, with approximately $6 billion in assets under management. It invests across pharmaceutical, biotechnology and medical device companies worldwide, with offices in New York City, Tel Aviv, San Francisco, Shanghai and Mumbai.

Share:          
CLINICAL TRIAL RESOURCES

Search:

NEWS ONLINE ARCHIVE

Browse by:

CWWeekly

February 25

Analysts: With market anticipation of Quintiles IPO, other CROs could soon file to go public

National Clinical Trial Network aims to link sponsors, minority patients for trials and access to new therapies

Already a subscriber?
Log in to your digital subscription.

Subscribe to CWWeekly.

The CenterWatch Monthly

March

Sites rate the best
sponsors of 2013
Largest survey response ever puts Biogen Idec, Forest Labs, Bayer at top

As CRO industry
turns 30, a look back
at modest beginnings
Phenomenal growth, strategic partnering highlight evolution
of CROs

Already a subscriber?
Log in to your digital subscription.

Purchase the March issue.

Subscribe to
The CenterWatch Monthly.

The CenterWatch Monthly

February

Sized out of big deals,
mid-tier CROs still thriving
Finding market niches, strategies to stay vital in changing research enterprise

Industry leaders embrace disruptive innovations
Despite resistance to change, many exploring data sharing, open-source collaboration

Already a subscriber?
Log in to your digital subscription.

Purchase the February issue.

Subscribe to
The CenterWatch Monthly.

JobWatch centerwatch.com/jobwatch

Featured Jobs

More Jobs

 

Copyright © 1995-2013 CenterWatch.