Deerfield Launches the X-Seed Award
Summary
Deerfield Management Company, a New York City-based healthcare investment firm, launched the X-Seed Award, a new program designed to support early-stage life science startups. The X-Seed Award was created by Deerfield as a result of the partnership announced in September 2019 with NYCEDC to develop the Cure life science campus, which is slated to open in January 2021. The campus is bringing together innovators from academia, government, industry, and the not-for-profit sectors to advance human health and accelerate the fight against disease. The X-Seed Award program, with a 20+ year commitment, will provide funding for a diverse population of the most talented researchers and entrepreneurs in New York City. It will help address a critical funding gap, bridging promising translational research to marketplace and commercial success.