Archive | January, 2015

Winners Announced for the RESI Innovation Challenge

22 Jan

By Nono Hu, Senior Manager, Branding & Messaging, LSN

Nono 2At LSN’s fourth Redefining Early Stage Investments (RESI) Conference, 31 selected medtech and biotech companies participated in a virtual investment contest: The RESI Innovation Challenge. RESI Innovators showcased cutting-edge life science technologies in poster displays throughout the exhibit hall, competing to raise the most RESI Cash.

The winners are in. Congratulations!

First Prize Winner: Kineta

kineta

Kineta is a nationally-recognized biotechnology company focused on developing leading edge therapeutics in three large high need therapeutic areas: autoimmune disease, viral disease and chronic pain. The company is focused on the development of novel drug candidates, each the outcome of years of scientific exploration and supported by an extensive body of peer-reviewed, NIH-supported research.

kineta 1st

Rob Hedequist, Senior Vice President, Corporate Development, Kineta
 Bill Brah, Executive Director, UMass Venture Development Center

As a first prize winner, Kineta will receive complimentary subscription to the LSN Investor Platform.


Second Prize Winner: Transverse Medical

transverse

Transverse Medical, Inc. is an early stage medical technology company in the evolving and rapidly growing area of Transcatheter Aortic Valve Replacement (TAVR). The TAVR procedure, along with other cardiovascular interventional and surgical procedures, is in need of cerebral protection options. TMI is meeting this need and the challenge of preventing neurocognitive stroke events during TAVR and other such procedures through development of the Point-Guard™ Cerebral Embolic Protection Device.

transverse 2nd

Eric Goslau, CEO, Transverse Medical


Third Prize Winner: Amorphex Therapeutics

amorpex

Amorphex Therapeutics was founded in 2010 to develop and license products for sustained ophthalmic drug delivery using the TODDD™ technology developed by Vista Scientific, LLC. The TODDD™ technology platform is an ocular insert for sustained delivery of drugs to the eye. This patented insert is based on controlled delivery polymer systems and a unique product design utilizing advanced comfort and stability features. In addition to the matrix materials that are used for controlled delivery, the TODDD™ device is also able to incorporate relatively large drug depots for the delivery of specific drugs. This affords the ability to deliver multiple drugs simultaneously. 

amorphex 3th

Robert Thompson, President & CEO, Amorphex Therapeutics
Bill Brah, Executive Director, UMass Venture Development Center
Charles Leahy, Vice President, Clinical Affairs, Amorphex Therapeutics

Hot Life Science Investor Mandate 1: Single Family Office Seeking Global Opportunities in Brain Health

22 Jan

A single family office based in the western United States makes seed-stage and venture-stage equity investments; typical seed investments are of $250,000-500,000 initially with the potential for follow-on financing of up to $3 million.  The firm is open to opportunities worldwide, and currently has portfolio companies in North America, Europe and Oceania.

The firm focuses on brain health, with 80% of the fund’s investments occurring in this indication area.  The firm’s mandate encompasses both diseases of the nervous system and psychiatric disorders, with a particular interest in Alzheimer’s disease.  The firm is open to investing in therapeutics, diagnostics and medical devices, and is interested in interdisciplinary approaches.  The firm seeks early-stage opportunities, but will also consider later-stage opportunities.  The firm’s prior investments include drug discovery for treatments for Alzheimer’s disease, and novel diagnostics including a tool that tracks early cognitive decline.

The firm strongly prefers to invest in privately held companies.  The firm only backs top scientists pursuing breakthrough approaches, and does not invest in “me-too” ideas.  In the medical technology sector the firm prefers to invest in companies developing platform technologies with multiple potential applications.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com

Hot Life Science Investor Mandate 2: Canadian VC Firm Seeking Clinical Stage Therapeutics and Device Opportunities Throughout North America

22 Jan

A life sciences venture capital firm based in Canada with an additional office in the US is currently investing from two new funds totaling approximately $165 million of new capital under management. The firm typically makes initial investments ranging from $1-$5 million of equity and looks to invest $8-$12 million over the lifetime of the investment. The firm plans to make 4-6 investments over the next 12 months and evaluates opportunities throughout the US and Canada.

The firm is currently looking for companies developing Therapeutics, Medical Devices, and Healthcare IT. The firm has a special interest in immunology, inflammation, cell therapy, vaccines and protein based therapies, although the firm will also consider other small molecule and biologics therapies in other areas. The firm is looking for companies with assets in phase I and II of clinical trials that have at least some human proof of concept with either early human efficacy signs or very strong animal data coupled with human safety data. In the medical devices space the firm is opportunistic in term of device type but also requires some in human data to be evaluated for investment. In the past the firm has invested in devices for cardiology, obesity, medical imaging, and others. In the healthcare IT space the firm is most interested in subsectors of mobile health, patient monitoring and consumer based technologies, particularly in products that help make healthcare systems more efficient.

The firm is looking to invest in companies that are pre-revenue and located throughout the United States and Canada. The firm does not look to take an active role on the management team but does look to take a board seat.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com

Hot Life Science Investor Mandate 3: Global PE Firm Seeking Healthcare IT and Wearable Device Opportunities

22 Jan

A global private equity firm headquartered in Geneva, Switzerland, with additional offices in Hong Kong, New York, London, and Cairo is currently seeking new opportunities. The firm is backed by two family offices and employs a co-investment strategy. The firm currently has USD 330 million AUM and invests across a spectrum of private equity strategies including leading and/or participating in direct investments in the angel/seed, growth, and buyout stages. The firm typically invests up to USD 100K at the angel stage and USD 5-15 million for growth and buyout stages. The firm takes an active minority position without its growth strategy investments. The firm invests in companies based in the US, EU, and Middle East. The firm is actively seeking new investment opportunities.

In Healthcare, the firm is currently interested in HCIT companies and to a lesser degree medical technology. Devices such as wearable devices with a major software component are of interest. The firm does not generally invest in Class II and III devices. The firm may be interested in services or technology companies that are related to biotechnology.

The firm seeks a strong and entrepreneurial management team and typically requires board representation in its portfolio companies.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com

RESI 4 Is Approaching – Check Out the Program Guide

8 Jan

By Nono Hu, Senior Manager, Branding & Messaging, LSN

Nono 2The Team at LSN is pleased to announce that for our first RESI Conference on the West Coast we will be bringing together over 500 investors, scientist-entrepreneurs, and strategic partners from around the world for a full day of partnering, panels and workshops.

RESI 4 provides a venue for all early stage scientist-entrepreneurs to connect with early stage investors. RESI’s goal is to facilitate dialogues that open compelling relationships between entrepreneurs and investors.  These relationships lead to capital allocations which will move science along. In partnership with AdvaMed, the sponsor of RESI’s medtech investor panel track, RESI strengthens its reach into the world of medtech startups and investors. In addition to the new Medtech panel track, RESI 4 will also have a Biotech panel track, hands-on workshops, the RESI Innovation Challenge, and the RESI Partnering Forum.

We’re excited to add so much new content to RESI 4. Check out the RESI Program Guide to learn more! We hope to see you at the Marines’ Memorial Club & Hotel in San Francisco on January 13, 2015.

wpresi-4-program-guide-digital-final

RESI Innovation Challenge: Scientist-Entrepreneurs Step into the Spotlight at JPM

8 Jan

By Michael Quigley, Director of Research, LSN
 
mike-2The RESI Innovation Challenge is taking place in San Francisco on January 13 and will feature 31 handpicked early stage biotech and medtech innovators from around the globe. These entrepreneurs have each received a presentation space in the exhibit hall for the full day of the conference to present their opportunity to investors and fellow entrepreneurs. LSN has found that companies presenting in this venue interact with more investors—and more frequently—throughout the course of the day than companies making the traditional 15-minute presentation.wpcashTo add some friendly competition to the mix, the RESI Innovation Challenge invites all attendees to participate in a virtual investment contest. At the start of the day, each attendee will receive “RESI Cash” to allocate to the entrepreneurs whose technologies they expect will be most influential. The company that receives the most investor dollars wins. This time, the first prize winner will receive complimentary consulting from LSN. The winner can choose one of the following three projects:
1) A 2- to 3-minute animated video explaining their product
2) A 2-page executive summary
3) A 10- to 12-slide pitch deck
Whether you are an investor, an entrepreneur, or a service provider, make sure you check out the exhibit hall to meet with some of the top innovators in the field and invest your “RESI Cash.” We will see you there!RESI Innovators

5 RESI Panels Featuring 26 Investors from Major Players in the Industry

8 Jan

By Tom Crosby, RESI Conference Manager, LSN

Tom 2

With the first West Coast RESI right around the corner, we’re pleased to announce the remaining five investor panels: Corporate Venture Capital, Emerging Market Investors, Medical Device Strategics, Orphan & Rare Disease Investors, and Clinical Phase I & Phase II. LSN is thrilled both with the world-class speakers and the content that they will be delivering to a record RESI audience of 500+ on January 13th. If you have yet to take a look at the first West Coast RESI’s panels, they’re now all available online. We hope that you’ll be taking in some of this fantastic content along with us next week — if not, look for the recap videos shortly following the conference, and we’ll see you at the next RESI!

Corporate Venture Capital

Corporate Venture Capital (CVC) and Independent Venture Capital are two separate beasts – with different tactics and motivations – and as a fundraising entrepreneur, they should be looked at as such. Learn from the experts in Corporate Venture Capital as to why the life science industry is currently seeing a push for external innovation. As CVC funds continue to grow in size and numbers, it is increasingly important for entrepreneurs to understand these entities as a critical source of potential investment.

The RESI Conference session will feature representatives from some major players in the industry. This is a must attend, one-of-a-kind panel that will provide tremendous insight for the scientist entrepreneur.

Moderated by Graeme Martin, President & CEO of Takeda Ventures the audience will hear from:

Priyanka Rohatgi, Director, Baxter Ventures

Tetsuro Iwata, Senior Manager, MP Healthcare Venture Management

Barbara Dalton, Vice President, Pfizer Venture Investments

Jason Hafler, Director of Investments, Sanofi-Genzyme BioVentures

Sofie Qiao, Managing Director, WuXi Venture Fund

Panelists will answer questions regarding the strategic and financial motivations that drive their investment thesis and how they differ from independent venture capital. The session will also focus on the individual investment preferences of each representative on the panel. What does their portfolio look like today? What is the best way for early stage entrepreneurs to get on their radar screens? All this and more will be answered on Jan. 13th.

Emerging Market Investors

With the growth of emerging markets creating wealth for their inhabitants, many of these countries, including China, Russia and India are looking to put that capital to work into globally-based investments in the life science field. These regions also represent massive and growing markets for many technologies that are approved or in development in other places in the world. This panel aims to shed light not only on how to go about reaching out and forming relationships with investors from these regions, but will also offer insight into how to bring an emerging market angle into your commercialization, distribution, and manufacturing strategy.

Moderated by Pushpa Vijayaraghavan, Vice President of Sathguru the audience will hear from:

Anton Gopka, CEO, General Partner, ATEM Capital

Jean Yao, Managing Partner, Med Qiao Group

Judith Li, Principal, Lilly Asia Ventures

Haolin Sung, Director of Direct Investment, Diamond BioFund

Panelists will discuss what the investment landscape looks like within in their geographic regions and networks. How do you start a dialogue with an emerging market investor? How do cultural barriers affect the process? What types and stages of opportunities are these firms most interested in? What is the best way to position an opportunity to them? These questions and more will be covered on January 13th.

Medical Device Strategics

Large medical device manufacturers and distributors – like their large pharma cousins – have increasingly been looking externally for sources of innovation.  To help RESI attendees better understand what these giants are looking for, and how to go about getting a technology in front of them, LSN has assembled a panel of 5 top-tier strategic players in the medical device space.

Moderated by Paul Grand, the Managing Director of RCT Ventures the audience will hear from:

Albert Lauritano, Director, Strategic Technology Partnerships, Becton Dickinson

Conrad Wang, Senior Director, Corporate Development, Medtronic

Evan Norton, Divisional Vice President, Venture Investments, Abbott Ventures

Greg Fleming, Investment Director, ALIAD

As an entrepreneur in the medtech space, it is crucial to be able to grasp the motives and inner workings of these organizations to understand how a mutually beneficial strategic relationship is formed. This session will discuss the various technology areas, stages and geographies that these groups are currently interested in. How are they going about sourcing external innovation? What do they see for the future of the industry of the next 5 years? Come ask and hear from these top executives directly.

Orphan and Rare Disease Investors

In the United States, the orphan disease space has gained significant interest from the investment community – this is due to the expedited regulatory approval process, combined with the lack of current treatment options that address many of these uncommon conditions. RESI brings together veterans in the orphan disease space to compare and contrast the strategies and motivations of different investors in the field.

Moderated by Mark Day, Senior Director Corporate Development, at Alexion the audience will hear from:

Art Pappas, Partner, Chiesi Ventures

Chris Adams, Founder & CEO, Cydan

Debra Miller, Founder, CureDuchenne

Vinzenz Ploerer, President & CEO, Brace Pharmaceuticals

Panelists will introduce and cover the areas of the orphan disease field they are most involved with and interested in. What stage and level of data are they looking for prior to making an allocation? What is the best way to present an orphan opportunity to a potential investor? The session will outline how orphan disease opportunities are evaluated – and valued – differently than non-orphan technologies. What is their outlook for investment and scientific advancement for these niche diseases going forward?

Clinical Phase I & Phase II

For many investors, in-human data is strongly preferred – if not required – prior to investment. For this panel, LSN brought together a mix of 5 investors interested in making investments into technologies in the first phases of clinical trials, aiming to give the audience a window into how their firms operate and what they are looking for.

Moderated by Neil Littman, Business Development Officer of the California Institute for Regenerative Medicine, The audience will here from:

Daniel O’Mahony, Partner, Seroba Kernel Life Sciences

Lisa Rhoads, Managing Director, Easton Capital

Mike Dybbs, Principal, New Leaf Venture Partners

Sam Hall, Principal, Apple Tree Partners

If you have entered into clinical trials (or are preparing to), this session will help you to understand the keys to positioning your opportunity at this stage and how best to approach investors in the initial outreach. From safety to early efficacy data, learn what these investors value most in a potential investment — and what the red flags that turn them away may be.