5AM Raises $200M Fund

5AM Ventures, the life sciences venture fund with offices in Waltham, MA and Menlo Park, CA, has raised a $200 million for a new fund, according to a statement. Most of the fund will go early-stage investments to develop new drugs, although it will put “a meaningful portion” of the fund into diagnostics, materials, medical devices, and reagents. The venture firm, founded in 2002, has made 27 investments in early stage life sciences companies.

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