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SR One breaks off from GlaxoSmithKline, banks $500M fund

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SR One breaks off from GlaxoSmithKline, banks $500M fund

SR One has backed biotech companies for decades as GlaxoSmithKline's venture arm. Now, the firm is striking out on its own, having spun out from the British conglomerate and raised a whopping $500 million fund. The fund, SR One's first, will back “elite” biotechs on both sides of the Atlantic, working on new medicines to address treatment gaps.

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SR One breaks off from GlaxoSmithKline, banks $500M fund

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SR One breaks off from GlaxoSmithKline, banks $500M fund

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