"After successfully completing the landmark USD3.3 billion take-private of Wuxi Pharmatech in December 2015, ABG is very pleased to be a shareholder in TESARO, which is led by a best-in-class board of directors and an experienced management team with a proven track record in drug development, and has a balanced portfolio of an excellent commercial-stage product and exciting clinical-stage pipeline assets in oncology," said Frank Yu, Founder and CEO of ABG. "ABG sees its portfolio companies as partners, and works shoulder-to-shoulder with them in the key areas of global expansion, strategic partnerships and financing."
About Ally Bridge Group
Ally Bridge Group ("ABG") is a global healthcare-focused investment group, founded and led by Mr. Frank Yu (formerly a Managing Director of Goldman Sachs and Och-Ziff Capital) with a global healthcare investment portfolio in China, the United States, and Europe and more than USD1 billion in assets under management. In 2015, ABG initiated, led and completed the US$3.3bn take-private of WuXi PharmaTech, a leading global life science service provider.
TESARO is an oncology-focused biopharmaceutical company devoted to providing transformative therapies to people bravely facing cancer. For more information, visit www.tesarobio.com.
Ally Bridge Group
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SOURCE Ally Bridge Group