Life sciences venture capital group Abingworth Management has opened a new office in Waltham, MA, US. The new office will be run by director Michael F Bigham and will enable Abingworth to focus on East Coast deals more actively. Abingworth has also announced the appointment of Dr Roy Lobb as adviser. His responsibilities will include evaluating new opportunities and assisting portfolio companies on the East Coast. Abingworth now has offices in London, Cambridge (UK), Menlo Park, US, and Waltham, US.
Technology investor MTI also recently announced it is to open an office in the US but while Abingworth, since its inception, has always been focused on doing deals both in Europe and the US, MTI is looking at the opportunity as more of a business development plan for its portfolio companies to facilitate exit opportunities.