Investment

Deal of the Week: British billionaire backs biotech group

Boxer Capital, a biotech investment office owned by British billionaire Joe Lewis through his holding and investment business, Tavistock Group, has invested in Cambridge, Massachusetts-based biotech group Tango Therapeutics.

Boxer Capital, based in Florida, invested alongside Casdin Capital, a New York City-based investment group, specializing in biotech investing and owned by Eli Casdin, and institutional investor Cormorant Asset Management. The Series B round for Tango, which was led by Boxer Capital, attracted $60 million. 

Tango is pioneering cancer treatments and has attracted more than $110 million in funding since it was set up in 2017.

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