F

lagship Pioneering, one of the leading backers of life sciences startups, said Wednesday that it has secured another $618 million in financial commitments from new and longtime investors.

The new venture round — Flagship’s largest one-time infusion ever — boosts to $2.3 billion the total capital raised by the Cambridge, Mass., firm since its founding in 2000. The money is used to start and fund biotech, medical technology, and bio-agriculture businesses.

This is a STAT Plus article and you can unlock it by subscribing to STAT Plus today. It's easy! Your first 30 days are free and if you don't enjoy your subscription you can cancel any time.
Already a subscriber? Log in here.

Leave a Comment

Please enter your name.
Please enter a comment.

Sign up for our Morning Rounds newsletter

Your daily dose of what’s new in health and medicine.

X