5AM Venture Management collects $200m for third fund

The firm raised $119m for the fund in March this year.

5AM's first fund raised $65m in 2002; its second fund raised $150m in 2006.

5AM will continue its focus on early stage life science companies with the majority of the investments being made in the discovery and development of novel therapeutics. A meaningful portion of the fund will also be invested in companies developing diagnostics, materials, medical devices and reagents, the firm said.

Founded in 2002, 5AM has invested in 27 companies.

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