The Wellcome Trust, a London, Uk-based charitable foundation dedicated to achieving improvements in human and animal health, is launching a new business focused on investing in emerging businesses and technologies in the healthcare and life sciences sectors.
The new firm, whose name will be announced shortly, will have an initial capital of £200m to back promising healthcare businesses, which will typically be at an early stage in their development with significant potential to grow.
The business, which will take and retain ownership positions in these companies, will be led by Chairman Nigel Keen and CEO Martin Murphy.
FinSMEs
20/03/2012