MedWatch

The Lundbeck Foundation to focus exclusively on Danish biotech

The majority stakeholder in pharmaceutical firm Lundbeck, the Lundbeck Foundation, is merging its two funds with one aim in mind: investing in Danish biotech companies.

Lene Skole, CEO at the Lundbeck Foundation | Photo: Gregers Tycho/ERH

Going forward, the Lundbeck Foundation, which is the majority stakeholder in pharmaceutical firm Lundbeck, will bet exclusively on Danish biotech companies, CEO at the Lundbeck Foundation Lene Skole tells Danish media Finans.

Specifically, the foundation will be merging its two funds, Ventures and Emerge, into one unit, dubbed Lundbeckfonden Biocapital.

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