This is the third such fund for Deerfield Management Company. Deerfield Private Design I has invested $500 million in healthcare companies, and Deerfield Private Design II has invested close to $1 billion.
“Deerfield is proud to play a leading role in advancing innovation in the development and delivery of healthcare products and services through investment, information and philanthropy. Few other industries can have such a profound impact on the quality and length of life,” said James Flynn, managing partner at Deerfield, in the news release.
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