Fund focus: Panacea defies biotech downturn
Having raised its second fund amid weakening investor sentiment for biotech, Panacea Venture expects deployment to be guided by a widening valuation gap between the US and China
In the first half of 2021, when Panacea Venture was preparing to launch its second healthcare fund, sentiment on the sector was beginning to dissipate. The XBI, which tracks US-listed biotech stocks, had...
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