Forrest aims to fast-track life-changing health tech with $250m investment in Tenmile

 Mining magnate Andrew ‘Twiggy’ Forrest has backed new biotech venture capital group Tenmile to the tune of $250 million in a move that he hopes will fast-track the development of ‘life-changing’ health technology.

Tattarang, the private investment company founded by Forrest and his wife Nicola, has declared the placement as an initial investment in Tenmile which is being led by Steve Burnell, a former executive of biotech giant Roche Group with an extensive career in the technology and healthcare sectors including experience in mergers and acquisitions.

Tenmile has a number of key investments in its portfolio including the listed Emyria (ASX: EMD), which produces synthetic CBD-based products. The Forrests made a separate $5 million investment in Emyira in November last year through Tatterang, taking a 7.3 per cent interest in the company.

Read More: https://www.businessnewsaustralia.com/articles/forrest-aims-to-fast-track-life-changing-health-tech-with--250m-investment-in-tenmile.html




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