Set-in-stone criteria will reduce risk for new biotech fund

Several boxes must be ticked off before new Danish-Swedish biotech fund Sound Bioventures is ready to invest. A high-energy team, the right development stage and an indication on the smaller side are all on the list, but medtech and diagnostic firms have been excluded, says founding partner Casper Breum.

Casper Breum, founding partner at Sound Bioventures | Photo: Casper Breum, Privatfoto

For many years, promising Danish life science firms and imaginative biotech entrepreneurs only had a few funds to turn to when raising capital to secure their futures: Lundbeckfonden, the Novo Nordisk Foundation and Sunstone Life Science Ventures.

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