Damien McDevitt (left), GSK vice president and head of the company’s research and development satellite in San Diego, and Jay Lichter, managing director of Avalon Ventures, work together to mitigate risk while fueling early-stage science. Photo courtesy of Avalon Ventures

Damien McDevitt (left), GSK vice president and head of the company’s research and development satellite in San Diego, and Jay Lichter, managing director of Avalon Ventures, work together to mitigate risk while fueling early-stage science. Photo courtesy of Avalon Ventures

— Avalon Ventures LLC is launching an additional startup out of its venture capital incubator in La Jolla...

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