Alaska Fund acquires a taste for big biotech startups

The $50 billion Alaska Permanent Fund, which handles the state's oil wealth, has invested $280 million in three biotechs: Juno ($JUNO), Denali and Codiak. And a story from Bloomberg's Doni Bloomfield notes that it works in the belief that patience is a competitive virtue when it comes to the life sciences. Interesting fact: All three startups it helped foster bear names linked to Alaska, which is far from the beaten track in biotech. Story

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