Blackstone Completes the Acquisition of Clarus, Establishing a New Life Sciences Investment Platform
November 30 2018 - 11:25AM
Business Wire
Blackstone (NYSE:BX) today announced that it has closed on its
previously announced acquisition of Clarus, a leading global life
sciences investment firm. Going forward, the business will operate
as Blackstone Life Sciences, while historical funds will retain the
Clarus name.
Blackstone Life Sciences is a new private investment platform
with capabilities to invest across the life-cycle of companies and
products within the key life sciences sectors. The business will
leverage Clarus’ significant domain expertise and record of
success, and Blackstone’s investment experience, operating platform
and global scale, to help advance breakthrough products to address
unmet medical needs.
Blackstone Life Sciences fills a critical void in the industry,
which is seeing unprecedented growth, but lacks the necessary
funding to bring medicines and healthcare technologies to market.
The business will retain and build on Clarus’ hands-on approach of
leveraging its scientific and clinical development expertise in
adapting to an ever-changing investment landscape. This includes a
focus on funding growth-stage investments, often in partnership
with major biopharmaceutical companies through R&D
collaborations.
Clarus is led by a team of seasoned experts who have invested in
more than 50 companies in the biopharmaceutical, medical device and
diagnostic sectors across multiple disease areas.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with $457 billion in assets under management, include
investment vehicles focused on private equity, real estate, public
debt and equity, non-investment grade credit, real assets and
secondary funds, all on a global basis. Further information is
available at www.blackstone.com. Follow Blackstone on Twitter
@Blackstone.
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version on businesswire.com: https://www.businesswire.com/news/home/20181130005329/en/
Jennifer Friedman+1 (212)
583-5122Jennifer.Friedman@blackstone.com
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