JP Morgan Launches Biotech VC Division

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With dealmaking showing few signs of life, America's biggest bank is turning to a branch of science devoted to the discovery of living organisms.

JP Morgan Chase launched a life sciences venture group Tuesday, the latest development in the bank's goal to diversify and a clear signal that Jamie Dimon's army of investors sees huge opportunities in a sector that truly came of age in the throes of the pandemic.

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Source Fool.com