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Busy Times and Divergent Strategies for Celtic Pharma's Follow-On Funds

This article was originally published in Start Up

Executive Summary

The various Celtic funds (there are three, with two sprouting from the original Celtic Pharma I Holdings established in 2004) posted a very busy January, closing deals involving Kolltan Pharmaceuticals Inc., Cantab Pharmaceuticals PLC, Inspiration Biopharmaceuticals Inc. and PolyTherics Ltd. But the details of these transactions help illustrate how the two actively investing successor funds have established fundamentally different investment strategies, even if those strategies can overlap at times.

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