The Carlyle Group and its newly acquired life sciences arm Abingworth are chasing a four-bagger at Australian eye therapies developer Opthea.
The Carlyle Group and its newly acquired life sciences arm Abingworth are seeking to make up to four-times their money at Australian eye therapies developer Opthea., Carlyle/ABW will tip up to $US170 million into Opthea in a bid to get the company’s lead therapeutic candidate OPT-302 to market.
Carlyle/ABW’s injection, combined with an upsized $US90 million equity raising, should fund OPT-302’s regulatory approval process and arrange commercial manufacturing, according to the confidential pitch in front of potential investors on Thursday. While fund managers were still working through the details on Thursday night, it looks like validation of Opthea’s OPT-302 and de-risks its push to market.
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