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End of Year Update: 2020 Life Science Venture Capital Funding Roundup in the BioHealth Capital Region
This has certainly been a year unlike any other for BioHealth Capital Region (BHCR) life science companies of all sizes and kinds. Just a few months into 2020, the coronavirus pandemic swept the region, seriously disrupting, albeit temporarily, the best-laid plans of aspiring founders, entrepreneurs, emerging startups, pre-clinical and more established, larger biohealth organizations in Virginia, Washington, D.C., and Maryland.
The regional life science ecosystem was prepared and pivoted rapidly to not only ensure continued operations, but also to redirect resources, talent and technologies to creating testing, developing COVID-19 therapies and progressing SARS-CoV-2 vaccine candidates.
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A Verseau Therapeutics shareholder can inspect the private company’s records for evidence that conflicts of interest marred a decision made by its board of directors to reject a funding proposal, a Delaware court has ruled.
Vice Chancellor Paul Fioravanti of the Delaware Chancery Court said on Friday that shareholder Alexandria Venture Investments’ is entitled to the records, writing that the venture capital firm had cleared the “very low” bar required to receive further information on the board’s rejection of Alexandria’s proposal to lead a $30 million financing round in April.
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