BioAdvance says it added 8 portfolio companies in ‘record-breaking’ investment year


BioAdvance had what it is calling a "record-breaking year" of investing in 2022, putting more than $4.7 million into eight new companies and several existing portfolio companies.

The addition of eight new companies is the Wayne-based venture investor's highest tally in 10 years.

Dr. Shahram Hejazi, BioAdvance's CEO and managing director, said the increased investment is a result of "revamped" investment strategy that has it backing very early-stage startups from a range of life sciences segments…

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