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Stock impact report

SV Health Investors announces formation of the Medtech Convergence Fund

TEIJIN LTD ADR (TINLY) 
NASDAQ:AMEX Investor Relations: teijin.com/ir
Company Research Source: GlobeNewswire
BOSTON, April 06, 2020 (GLOBE NEWSWIRE) -- SV Health Investors announced today that it has formed the Medtech Convergence Fund (MCF), a $90 million early-stage, medtech venture-capital fund. SV has partnered with the senior members of another Boston-based VC firm, Norwich Ventures, to create this new fund and build the portfolio. SV Health Investors and Norwich Ventures have long track records of investing in and nurturing medtech startups. The MCF team will leverage their decades of operating and investment experience to provide entrepreneurs with the financial support and strategic guidance necessary for building a successful business. Teijin Limited is the sole Limited Partner of the MCF. Teijin’s decision to invest in the fund reflects the company’s vision of developing disruptive, cost-saving healthcare solutions, which closely matches the vision of the MCF team. SV Managing Partner Paul LaViolette remarked: “The investment thesis of MCF is timely as the healthcare market Show less Read more
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