Harvard-based Xfund raises $73M in venture cash; Alexion shifts Euro base to Zurich;

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> The Harvard-based venture group Xfund has raised $73 million, according to documents filed with the SEC. Headed by Harvard grad Patrick Chung, Xfund set out a couple of years ago to back tech startups in the Cambridge/Boston hub. Their investment portfolio includes the med tech incubator Rock Health. "There are basically two approaches to venture capital investing," Xfund Partner Harry Weller, also General Partner of New Enterprise Associates, told a Harvard writer. "One is to 'spray and pray,' and the other is to make fewer, more selective investments. We back big, bold experiments." Statement

> Fast-growing Alexion Pharmaceuticals ($ALXN) is moving a large number of staffers at its European HQ now in Lausanne to Zurich. Bloomberg reports that the canton offers the lowest tax rate in the country. Story

Medical Device News

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Pharma News

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@CarlyHFierce: ICYMI yesterday: Sanofi wins kudos for airing bribery probe. Phase II? Take to social media. Article | Follow @CarlyHFierce

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Drug Delivery News

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Diagnostics News

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