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Rusnano, VC fund to invest $760m, boost Russian drugs

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As part of the deal, Rusnano and life sciences technologies investor Domain Associates are planning to co-invest in about 20 US-based healthcare technology companies.

Rusnano will invest up to $330 million while Domain's venture capital funds and other investors will invest a like amount, the companies said.

The remainder of the money will be used to establish a pharmaceutical and medical device manufacturing facility in Russia. At this facility, products will be manufactured that have been created by the companies the pair invest in.

Copyright Reuters, 2012