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Lilly Asia Ventures Closes Fourth Fund with $450 Million

publication date: Aug 15, 2017
Lilly Asia Ventures has closed its fourth China/Asia life science-focused fund at $450 million, a hard cap, according to China Money Network. This is over three times the $100 million of its previous fund, which closed in 2015. The new fund, known as LAV Biosciences Fund IV, took only two months to reach its cap, and was "significantly oversubscribed." Lilly, a company that is active in diabetes and cancer treatment, got its start in Asia/China venture capital with a $10 million investment in the BioVeda China fund in 2007, the first international VC fund dedicated to making life science investments in China. More details....

Stock Symbol: (NYSE: LLY)

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