RE: Novartis23 May 2024 11:50
But can an organisation dictate the placing price and demand changes to the BoD as requirements before buying in and owning less than 3% of a company?
Besides, from the NVF website:
"The Novartis Venture Fund teamโs approach to investing
"We prefer an active, hands-on style of investment, one major element of which involves taking a seat on the company board. This enables us to collaborate closely with leadership and management."
I think they mainly do this with companies that are much smaller and earlier stage than Avacta, or they used to (from personal experience), or after taking a greater than 3% stake in a larger and more developed company. Venture funds are, after all, essentially incubators.