here “The decision to make Vancouver the headquarters for Quark Venture and the Global Health Sciences Venture Fund, validates Canadian innovation, the strength of the life science industry here and the quality of its technologies.” Karimah Es Sabar, CEO of Quark Venture Quark Venture and China’s GF Securities Company Limited announced today they are jointly establishing a new US$500 million global health sciences venture fund to be based in Vancouver, BC. The fund, the largest of its kind in Canada, will invest globally in a diversified portfolio of innovative biotechnology and health sciences companies. Investments have already started with the first close of US$100 million. “This partnership will capitalize on Quark Venture’s strong, experienced, globally connected team with its track-record in technology sourcing, screening and commercialization, as well as on GF Securities’ integrated strengths in investment, capital solutions, biotechnology IPO listing and expertise in China’s biomedical industry,” said Mr. Lin, Chief Executive Officer of GF Securities. “Our goal is to build a diversified portfolio by investing in the best in the world biotechnology and health sciences companies that are driving game changing innovations in drug development, medical devices, health IT and emerging convergent technologies,” said Karimah Es Sabar, the recently appointed Chief Executive Officer at Quark Venture. “The decision to make Vancouver the headquarters for Quark Venture and the Global Health Sciences Venture Fund, validates Canadian innovation, the strength of the life science industry here and the quality of its technologies. We anticipate that internationally competitive Canadian companies will do well having a fund of this size and calibre at their doorstep, and we believe such a fund will energize the sector and be a magnet for further capital.” “GF Securities has a strong commitment to build and diversify their portfolio by sector and geographically. Our visions are aligned and we see this as a long-term collaboration,” said Jesson Chen, Chairman of Quark Venture. Last week Quark Venture announced a US$30 million investment in Vancouver-based Methylation Sciences Inc., a clinical-stage pharmaceutical company, that is advancing a therapy for treatment of Major Depressive Disorder.]]>
BIONOVA CONTACT
#46 1344 Summer Street
Halifax, Nova Scotia
Canada B3H 0A8
Phone: 902-421-5705
Fax: 902-421-2733
Email: [email protected]
Halifax, Nova Scotia
Canada B3H 0A8
Phone: 902-421-5705
Fax: 902-421-2733
Email: [email protected]
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Recent Posts
- NEWS RELEASE: Doris Grant appointed Vice President Business Development and Strategy at BioNova
- MARS VR Lab
- Workinsights
- NEWS RELEASE: BioNova Announces MycoFutures North Atlantic as the Winner of the Eleventh Annual BioInnovation Challenge (BIC) at BioPort 2021
- NEWS RELEASE: BioNova’s BioPort 2021 Conference for Health and Life Sciences Kicks-Off Today
Business Wire National BioTech News
- Enveric Biosciences Announces Preclinical Results Confirming Potential of EB-003 to be Dosed Orally
- enGene Announces Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)
- enGene Announces Appointment of Ron Cooper as Chief Executive Officer
- ImmunoPrecise Antibodies to Reschedule Financial Results and Recent Business Highlights Report for Fourth Quarter and Fiscal Year-End 2024
- Mr. Stéphane Bérubé, President of L'Oréal Canada's Consumer Products Division Joins Aplantex's Advisory Board
- Agilent to Acquire North American CDMO BIOVECTRA
- NorthStar Medical Radioisotopes and BWXT Medical Sign Supply Agreement Supporting Actinium-225 Production
- BWXT Medical and NorthStar Medical Radioisotopes Sign Supply Agreement Supporting Actinium-225 Production
- Leading Canadian Healthcare Services Provider Selects Crescita as Exclusive Manufacturing Partner under 5-Year Agreement
- Aurinia Pharmaceuticals to Release Second Quarter Financial and Operational Results on August 1, 2024
RECENT NEWS
- NEWS RELEASE: Doris Grant appointed Vice President Business Development and Strategy at BioNova February 9, 2023
- MARS VR Lab January 25, 2022
- Workinsights January 25, 2022
- NEWS RELEASE: BioNova Announces MycoFutures North Atlantic as the Winner of the Eleventh Annual BioInnovation Challenge (BIC) at BioPort 2021 November 8, 2021
- NEWS RELEASE: BioNova’s BioPort 2021 Conference for Health and Life Sciences Kicks-Off Today November 2, 2021
- NEWS RELEASE: BioNova Selects Eight Semi-Finalists to Participate in the 11th Annual BioInnovation Challenge August 24, 2021
RECENT TWEETS
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