California based SDS Ventures to launch Life Sciences private equity Fund
Online PR News – 30-September-2010 – – California based SDS Ventures to launch Life Sciences Fund in October 2010. The fund is seeking to raise up to $75 million with a focus on oncology biotechnoloy companies with at least one phase 3 drug in the pipeline.
SDS Ventures has already identified a California based prospective portfolio company and is currently in the due diligence stage. The fund is expected to close the first round of approximately $30 million by the end of 2010.
Former biotech CEOs and world renown researchers have already signed on to serve as the fund's independent advisors.