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Aya Lin · · 1 min readIn brief: Singapore’s ASTAR inks $90m deal to create healthcare startups
- Singapore’s Agency for Science, Technology and Research (ASTAR) commercialization arm Accelerate signed a US$90 million deal with Hong Kong-based public pharmaceutical company Aptorum Group and financial firm Aeneas Capital to co-create local deep-tech startups in the healthcare and life sciences spaces, The Business Times reports.
- Aptorum and Accelerate also look to create up to 20 Singaporean deep tech ventures over the next five years.
- Additionally, Aptorum and Aeneas Capital will launch a US$200 million fund for healthcare and life science strategic investments, which may be used to invest in Hong Kong’s biotech ecosystem.
Editing by Dante Gagelonia
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