Biotech Portfolio in Limbo as Court Removes $1.5B Fund Chief
The Cayman court ruling ousting Seth Harrison from the helm of Apple Tree Partners’ $1.5 billion biotech fund threatens the financial lifeline for companies like Intergalactic, Red Queen, and Akero. With the fund in Chapter 11 and control contested, clinical-stage biotechs may face delayed rounds, disrupted operations, and investor uncertainty.
Source: Gwendolyn Wu · BioPharma Dive