Novartis buys VC-backed Australian drug developer Spinifex
Australian life sciences specialists Brandon Capital Partners and GBS Ventures will exit local drug developer Spinifex Pharmaceuticals after Novartis agreed to buy the business for $200 million in cash plus unspecified earn-outs.
Other investors in Spinifex include global players Novo Ventures and Canaan Partners, as well as Uniseed Management and UniQuest, which are technology commercialization funds tied to Australian universities....
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