Ally Bridge Group Leads US$150 million Financing for Three U.S. Companies Amidst the COVID-19 Pandemic
NEW YORK and HONG KONG, May 21, 2020 /PRNewswire/ -- Ally Bridge Group ("ABG"), a leading global life science investment group, has announced that it led three investments in the U.S. -- two medtech and one telehealth -- in April, 2020 amidst the COVID-19 pandemic. Each of the three companies is a commercial-stage leading innovator re-setting the standard of care in its respective category. They include:
"While these three new investments highlight ABG's focus on addressing some of the fundamental healthcare challenges exposed by the COVID-19 pandemic, several of ABG's existing biotech portfolio companies are at the forefront of developing novel therapeutics against the coronavirus," adds Yu.
About Ally Bridge Group
Ally Bridge Group ("ABG"), founded and led by Frank Yu (previously at Goldman Sachs and Och-Ziff Capital) and based in New York and Hong Kong, is a global healthcare investment firm focused on funding and supporting the world's most innovative life science technologies benefiting many millions of human lives and leading high-impact transactions. Over the past four years, ABG has led over US$4 billion investments in world-leading life science companies in the U.S., China and Europe. For more information, please visit www.ally-bridge.com.
SOURCE Ally Bridge Group