MOSCOW (Reuters) – Russian state technology firm Rusnano, alongside a group of investors, is investing $ 93 million in three U.S.-based pharmaceutical firms to develop drugs to treat illnesses such as epilepsy, the investors said on Wednesday.
Rusnano is making the investment with U.S. venture capital fund Domain Associates and other investors. Rusnano partnered with Domain in March with plans to invest around $ 760 million in U.S. healthcare and pharmaceutical firms to bring new drugs to the Russian market.
The three companies receiving investments – Marinus Pharmaceuticals, Lithera and Regado Biosciences – are portfolio companies of Domain and the investments will be used to register medications and undertake further clinical trials in the U.S. and Russia, the companies said.
Marinus is developing a drug for the treatment of epilepsy, Lithera works on products for aesthetic medicine and ophthalmology and Regado is developing antithrombotic products.
(Reporting by Megan Davies; Editing by Douglas Busvine)
Diseases/Conditions News Headlines – Yahoo! News
Title Post: Russia fund in consortium to back U.S. pharma firms
Rating:
100%
based on 99998 ratings.
5 user reviews.
Author:
Thanks for visiting the blog, If any criticism and suggestions please leave a comment
Russia fund in consortium to back U.S. pharma firms
This article
Russia fund in consortium to back U.S. pharma firms
can be opened in url
http://activenewsis.blogspot.com/2012/12/russia-fund-in-consortium-to-back-us.html
Russia fund in consortium to back U.S. pharma firms
