Abingworth Achieves Financial Close, Raises USD 582 Million
Abingworth, a London-based venture capital firm, has announced the closing of its new Clinical Co-Development Fund 2 (ACCD 2) worth USD 582 million, however, the fund was aiming to gather USD $350 million.
Not long ago, the company also closed on the Abingworth Bioventures 8 (ABV 8) fund at $465 million. At the moment, the company’s total fund stands over USD 1 Billion, which it plans to invest in the life science companies in the U.S, UK, and Continental Europe.
Earlier, Abingworth used to invest through its co-development portfolio companies Avillion and SFJ Pharmaceuticals, which helped in t...