BVF Partners

“Merida had raised $154m from Third Rock Ventures, Bain Capital Life Sciences, BVF Partners, GV, and Perceptive Advisors.”

“ContextLogic Holdings has acquired US Salt ($907.5M) and gChem (~$850M) using the structure.”

“Sources tells me that BC Partners is that lead investor, even though neither the firm nor LIV will confirm.”