Английская Википедия:Abingworth (company)

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Шаблон:Short description Шаблон:Use dmy dates Шаблон:EngvarB Шаблон:Infobox company Abingworth LLP (formerly Abingworth Management Ltd.) is a transatlantic bioscience investment firm founded in 1973 by a pair of London stockbrokers, Peter Dicks and Hon. Anthony Montagu.[1][2][3]Шаблон:Rp Abingworth had initially sought to extend its investments into the biotechnology industry in the late 1980s,[3]Шаблон:Rp and has subsequently been investing in life science and healthcare services companies since at least 2001,[4] and had expanded to include information technology firm investments by 2016.[1]

In August 2022, Abingworth was acquired by The Carlyle Group.[5]

Offices

In addition to its base in London, the company had a second office in Palo Alto as of 2001.Шаблон:Citation needed By 2016, the Palo Alto office had been replaced by an office in Menlo Park, and an additional offices had been established in Boston and Cambridge.[1]

Investments

The company's investment strategy involves the establishment of funds with particular investment targets in mind. For instance, the "Bioventures VI" fund was "closed" in March 2014, having accrued $375 million, reportedly exceeding the "target" for the fund.[6] A key element in the firm's investment strategy is the exit, which signifies the acquisition of or initial public offering by a company in which the firm has invested.[6]

Prior to 1987, Abingworth had made investments, considered by 2016 to have been successful, in Apple and Silicon Graphics.[3]Шаблон:Rp

The firm created its biotech investment arm in 1987.[3]Шаблон:Rp Among the first investments was in Immunology Ltd, which was later renamed to Cantab Pharmaceuticals.[3]Шаблон:Rp In 2000, the company joined several others in providing funding for Oxagen.[3]Шаблон:Rp In the early 2000s, the firm invested in and saw forward to initial public offering a number of firms, including Dicerna Pharmaceuticals and Clovis Oncology.[6][7] The firm has also provided funding to support the acquisition of Algeta by Bayer and Avila Therapeutics by Celgene.[7][8][9][10] In the Algeta case, this was the very first of the firm's venture investments in public equities, dating to February 2009.[6]

In 2013, the firm realised an exit from investment in Syntaxin Ltd when it was acquired by Ipsen SA.[6]

In 2013, the firm invested in Effector Therapeutics.[6][7] It also, in January 2013, set up Avillion Group Partners, a clinical phase III co-development accelerator, with Massachusetts-based Clarus Ventures.[6] Following from this, Avillion partnered with Pfizer on a label expansion effort for Bosulif.[6]

In 2014, the firm invested in two ophthalmic companies, Avedro and Gensight Biologics.[6]

Corporate details

Шаблон:As of, Abingworth had less than 10 employees.Шаблон:Citation needed and the company managed $300 million across several funds and had provided capital to sixty life science companies.Шаблон:Citation needed.

By 2014, the managed value of one of the firm's ten funds was $375 million.[7]

Шаблон:As of, there were two managing partners, Timothy J. Haines and Kurt von Emster.[1] and the firm had grown to over 20 employees.[4]

"Special partner" David Leathers joined the firm in 1987, having left Rothschild.[3]Шаблон:Rp James Abell has held the post of chief financial officer since at least 2001.[1] The company also has a board of directors, which consisted of two members in 2016, Stephen Bunting and Theodore Clark.[1] Bunting had been a managing partner from 2002 to at least 2014,[7] having joined Abingworth in 1987 after leaving Rothschild with Leathers.[3]Шаблон:Rp By 2014, Bunting had been involved in the establishment each of the ten (at that time) of the company's life science investment funds.[6]

Acquisition

In August 2022, Abingworth was acquired by The Carlyle Group. At the time of the acquisition, Abingworth had approximately $2 billion in assets under management.[5][11]

References

Шаблон:Reflist

External links