Deerfield Management has added yet another commercialisation fund to its roster, this time partnering University of Illinois at Chicago for a $65m vehicle.
University of Illinois at Chicago (UIC) partnered investment firm Deerfield Management yesterday to launch translational research funding and commercialisation vehicle West Loop Innovations.
Deerfield will provide up to $65m in capital to West Loop Innovations, which will help advance promising discoveries at the university. In particular, the fund is expected to solidify UIC’s strengths in drug discovery.
The fund is seen as a major boost for Discovery Partners Institute, a collaborative research institute led by University of Illinois…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
