OrbiMed Advisors has secured $325 million to fund health-care companies in Asian nations such as China and India, where rising affluence is fueling increased demand for medical products and services.
The New York firm set out to raise $300 million for OrbiMed Asia Partners II LP in the first quarter of 2013. The new partnership, which closed over the summer, is a jump from the $182 million OrbiMed raised for its debut Asia fund in 2008.
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