Skip to main content
Premium Trial:

Request an Annual Quote

Novartis Venture Fund Supports 23 Biomed, Bioinformatics Startups


BASEL, Switzerland--Francois L'Eplattenier, chairman of the supervisory board for the Novartis Venture Fund, said he was surprised by the sheer number and remarkable quality of formal proposals the group received in 1997. From 120 proposed projects, the group selected 29 to back, 23 of which are start-up biomedical or bioinformatics companies. The fund reported providing 28 million Swiss francs in participation, loans, one-off payments, or bank guarantees, creating 150 jobs last year and a projected 250 over the next two. In accordance with the fund's initial intent to support employees whose activities are no longer part of Novartis's core business, 22 of the 23 startups it supported involve former Novartis or Ciba Specialty Chemicals employees.

Filed under

The Scan

LINE-1 Linked to Premature Aging Conditions

Researchers report in Science Translational Medicine that the accumulation of LINE-1 RNA contributes to premature aging conditions and that symptoms can be improved by targeting them.

Team Presents Cattle Genotype-Tissue Expression Atlas

Using RNA sequences representing thousands of cattle samples, researchers looked at relationships between cattle genotype and tissue expression in Nature Genetics.

Researchers Map Recombination in Khoe-San Population

With whole-genome sequences for dozens of individuals from the Nama population, researchers saw in Genome Biology fine-scale recombination patterns that clustered outside of other populations.

Myotonic Dystrophy Repeat Detected in Family Genome Sequencing Analysis

While sequencing individuals from a multi-generation family, researchers identified a myotonic dystrophy type 2-related short tandem repeat in the European Journal of Human Genetics.