MedWatch

Novo Holdings turns to overlooked industry: Ready with millions for diagnostics firms

Kasim Kutay, CEO of Novo Holdings, is ready to put large sums of money into diagnostics companies, an otherwise neglected industry among venture funds. Unstable success rates and difficult business models keep the investors away.

Foto: Ritzau Scanpix/Niels Hougaard

No less than two months ago, the venture funds Novo Seeds and Sunstone Capital openly described how they avoid investing in diagnostics firms. However, it does not mean that the diagnostics industry has to make do with chicken-feed.

Unlike his colleagues, Kasim Kutay, CEO of Novo Holdings, is ready with financial support for diagnostics companies via the Danish investment fund's Principal Investments department.

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