Malin, the life sciences- focused investment vehicle, run by former Elan executives, has announced a €34.5m investment in Altan Pharma, its second major investment in as many days.

Life sciences-focused investment firm Malin has invested $35m (€31m) for a minority stake in US-based drug development firm Melinta Therapeutics.

Shares in newly-formed Irish investment firm Malin closed up 6% at the end of its first day’s trading in Dublin yesterday.

The Government’s investment fund aimed at supporting economic activity and creating jobs across the country has made an Irish-headquartered life sciences firm the first beneficiary of its investment programme.

Malin, the Irish-backed investment firm targeting privately-owned life-science companies, has surpassed its initial funding hopes, by raising up to €330m in what is being viewed as one of Europe’s largest ever IPOs for the life sciences market.

Malin, an Irish company set up by a number of former Elan executives to invest in privately held life science assets, plans to raise between €275m and €325m in one of Europe’s biggest biotechnology IPOs.

Michael Murphy looks set to have a busy weekend later this month after his Glenswilly side qualified for the Donegal SFC final.

Donegal have received a huge boost ahead of their Ulster championship opener against Tyrone with Karl Lacey returning to action over the weekend.

I STARTED writing this column seven years ago.

Progressive Down outfit Castlewellan are on course to retain their AIB GAA Club of the Year title having been once again voted the cream of the Mourne County.