Reed Elsevier Leads 13.9M Financing for Stake in Inpharmatica, Footing in Pharma | GenomeWeb

Reed Elsevier has made a move into the bioinformatics sector as part of a broader strategy to expand its information services for the pharmaceutical market.

The publishing giant’s VC arm, Reed Elsevier Ventures, was the lead investor in a £13.9 million ($26 million) funding round that Inpharmatica closed last week. Reed Elsevier contributed nearly £3 million toward the London-based bioinformatics firm’s third round of financing. Other investors included Abingworth, Advent, Gilde, GIMV, and 3i.

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