Chiesi launches European and US venture fund

The fund, Chiesi Ventures, will focus on early-stage companies within the rare disease therapies market.

AM Pappas was selected to manage the fund as a result of the VC's track record investing in companies that develop therapies for orphan and rare diseases.

Chiesi will have offices in Boston, The Research Triangle Park in North Carolina and Parma, Italy, where Chiesi is headquartered.

The vehicle is also intended to serve as a platform for expanding Chiesi's networking activities with US universities, investors and rare disease patient organisations.

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