The Biotech Growth Trust PLC is a United Kingdom-based investment trust. The Company seeks capital appreciation through investment in the biotechnology industry around the world. The Company invests in a diversified portfolio of shares and related securities in biotechnology companies on an around the world basis. The Company will not invest more than 15% of the value of its gross assets in any one individual stock at the time of acquisition. It will not invest more than 10% of the value of its gross assets in direct unquoted investments at the time of acquisition. The Company will not invest more than 15%, in aggregate, of the value of its gross assets in other closed ended investment companies. OrbiMed Capital LLC is the Company's investment manager.