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Ally Bridge Group ("ABG"), a leading global life science investment group based in New York and Hong Kong, has announced that it led three investments in the U.S. two Medtech and one telehealth in April 2020 amidst the COVID-19 pandemic. Each of the three companies is a commercial-stage leading innovator re-setting the standard of care in its respective category. They include:
"The COVID-19 pandemic is undoubtedly a watershed event for life science and healthcare around the globe, and further strengthens ABG's commitment to leading high-impact investments in game-changing innovations in this space," said Frank Yu, Founder, CEO and CIO of Ally Bridge Group. "Vida and Rapid Micro represent ABG's first private investments in telehealth and life science tools, respectively, and are extensions of our investment franchise currently focused on medtech and biotech."
"While these three new investments highlight ABG's focus on addressing some of the fundamental healthcare challenges exposed by the COVID-19 pandemic, several of ABG's existing biotech portfolio companies are at the forefront of developing novel therapeutics against the coronavirus," adds Yu.