Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Bioscience Managers Expands Asia Pac Presence – Invests $3m

21 February 2013

Bioscience Managers Expands Asia Pac Presence – Invests $3m In Nz Patient Monitoring Company

(Melbourne) Leading Asia Pacific healthcare fund manager, BioScience Managers Pty Ltd, today announced a $3m investment in innovative New Zealand asthma technology company Nexus6.

Nexus6's SmartInhaler product remotely monitors adherence to asthma treatment regimes, ensuring patients comply with treatment protocols in general use and in clinical trials, giving clinicians transparency over inhaler use and dosage in real time.

"Nexus6 technology holds the key to not only ensuring better patient outcomes, but also in minimising wastage and costs of treatment, by ensuring that asthma sufferers take only what they need and when they need it," said BioScience Managers Managing Director, Jeremy Curnock Cook.

"In the current climate, technologies that enable remote monitoring of patients and support the delivery of better health outcomes, for less cost and with less wastage, are extremely important. Nexus6 also provides a unique supporting technology for asthma clinical trials."

Nexus6 marks BioScience Managers’ second investment from its Asia Pacific Healthcare Fund II. The AU$55m fund is still open to investors, with a final close expected in September 2013. The investment was also supported by up to $2m raised from existing investors, including leading NZ venture firm K1W1.

The firm is increasingly active in the medical technologies space, providing investment management services to Plus listed UnionMedtech (UMT). UMT marks the first of a planned series of tailored investment vehicles to bring together investor appetite for specific aspects of healthcare with technologies sourced from around the globe.

BioScience Managers Chief Investment Officer Matt McNamara commented, “The healthcare sector is increasingly important at a global macroeconomic level, with both the cost and the effectiveness of healthcare solutions coming under increasing scrutiny.”

“We believe there is a significant opportunity in the investment in and consolidation of medical technologies from around the world to enable those companies better access to international markets and economies of scale across synergistic businesses.”

--

About BioScience Managers Pty Ltd (www.BioSciencemanagers.com)
BioScience Managers Pty Ltd (formerly IB Managers) is a leading life sciences investment firm, headquartered in Melbourne, Australia. Established in 2003, BioScience Managers offers a global, multi-disciplinary team, bringing an international perspective together with the track record, networks and expertise required to convert that perspective into informed, high return investment decisions.

The firm operates a high value-add model, providing assistance and support to portfolio companies via a global team and international network of independent industry advisors. With combined experience of over 170 investments, more than 40 IPO’s/ reversals in Europe, the USA and Australia, and a diverse skillset specific to the bio-based industries, BioScience Managers aims to provide investee companies with significant value-add over and above capital invested.

BioScience Managers currently has AU$96.8m under management. Its second fund, the Asia Pacific Healthcare Fund II has completed a first close at $55m and is still open to investors. In addition, BioScience Managers provides investment management services to Plus listed company Union Medtech.

About Union Medtech (www.unionmedtech.com)
Union MedTech Plc (UMT) is a listed company focused on acquisitions in the medical technology sector, excluding pharmaceuticals.

Its goal is to find medical devices, diagnostics and other healthcare products and services that, although capable of generating healthy profits, need assistance to bring them to market or expand their markets internationally.

UMT works with inventors and small companies that have created high value technologies which have the power to transform lives, yet have struggled to achieve international market penetration due to lack of capital, expertise or resources. UMT provides a solution for those companies and their shareholders that will enable them to achieve international success and recognition.

About Nexus 6 (www.smartinhaler.com)
Nexus6 is an innovative medical device company headquartered in Auckland, New Zealand. It has developed the Smartinhaler range of products for remotely monitoring adherence to asthma and COPD treatment regimes. These products help patients adhere with prescribed treatments in the daily management of their condition, and also in clinical trials. Smartinhaler also provides physicians with important information relating to patient control of their condition.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Science Media Centre: Viral Science And Another 'Big Dry'?

"Potentially, if there is no significant rainfall for the next month or so, we could be heading into one of the worst nation-wide droughts we’ve seen for some time," warns NIWA principal climate scientist Dr Andrew Tait. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news