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Hot Investor Mandate: Norway-Based Coalition Invests Up to $100M USD in Biotech Companies Targeting Infectious Diseases With Focus on Global South

28 Dec

A Norway-based coalition that partners between public, private, philanthropic, and civil organizations is currently investing in new platform technologies for rapid vaccine research and development and other interventions for pandemics and endemics. The organization is currently investing from their current 5-year plan. The organization is stage agnostic with typical check size being flexible but ranging from $1-100M USD. The organization is open to any geographic regions but is looking to invest in the global south in particular. Investments are typically made through non-dilutive funding but can explore other funding opportunities including equity. 

The organization invests in the infectious disease space whether that be vaccines, MABs, or other pandemic-preventing interventions; generally speaking, biotech companies in pandemic-related indications. It is unlikely that the organization would look at diagnostics, devices or digital health unless there was a very specific pandemic-preparedness value proposition. The organization is stage-agnostic and will typically meet with companies from pre-clinical stages to Phase II.  

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

Interview with Dennis Ford, Founder of Life Science Nation, Regarding the RESI JPM Partnering Conference January 9-11, 2024.

28 Dec
GRGEGreg Mannix Interview with Dennis Ford

By Greg Mannix, Vice President International Business Development, General Manager Europe, LSN

DF-News-09142022Dennis Ford

Gregory Mannix: Please Explain why Life Science Nation’s Redefining Early Stage Investments (RESI) conferences are a good strategy for a startup seeking capital investment and licensing partners. 

Dennis Ford: It is very hard navigating all the partnering events and conferences if you are a startup with a limited budget, and trying to figure out which events will be best and most fruitful for you and your firm. 

 The first thing is getting in context; if you are raising a seed, Series A or Series B round, it can take 9-18 months to complete a round. Secondly, it is a numbers game. You must increase your visibility to as many potential players as possible, and it is not enough to go to a few events a year. You must be committed to being out in the marketplace, kissing many frogs, hearing many nos, and not being deterred. Third, this is not a part-time undertaking. It takes dedication to do a global fundraising campaign. It is a journey; you will have ups and downs along the way and must persevere.  

GM: What is your fundamental advice to startup CEOs? 

DF: My advice to startup CEOs is: every time you stick out your hand, you will be giving up as much as 20% of your company, so make sure you do the math and know how much cash you need for the next 24-36 months so that you have cash and runway to make your milestones and get your data for your next inflection point before the next round.   

GM: What is the distinct differentiator for a RESI Partnering Event? 

DF: RESI is unique because it has been a dedicated partnering event for over a decade, and while other events may have 10-15% investors in attendance, 50% of RESI’s attendees are investors. This bodes well for booking meetings with investors who fit your product and stage of development. Follow the money! 

 RESI is cross-border; we have three events in the U.S., one in Europe, and one in Asia, and it is also cross-silo, meaning that the buy-side attendees are seeking early-stage drugs, devices, diagnostics, and digital health (the 4Ds) startups for their portfolios. A startup can follow the RESI events every few months worldwide and use RESI to execute their global roadshow.  

GM: Who attends a RESI event? 

DF: The audience is well defined. As stated, the attendees are split 50/50 between sell-side startups across the 4Ds and ten categories of buy-side investors and licensing partners. This makes RESI partnering events incredibly interactive, and deals get done. LSN estimates that we have helped over 400 startups raise over $5B. The startup-to-investor ratio has been the same for the last ten years. The investors range from angels and family offices to early-stage VC and PE, Big Pharma and MedTech strategics, and corporate and government funders. 

GM: Startups are frustrated with the extravagant pricing models to attend events today. What has LSN done to help with this pricing pain point? 

DF: LSN introduced a flexible pricing model during COVID-19 that coincided with our virtual conferences that have morphed into present-day pricing. The challenge is finding price points that fit a startup company’s ever-changing stage of development.   For example, if you are a new startup, you can buy an audience access pass for $595. Although you will not have access to the partnering system, you can experience all the investor panels and workshops firsthand to see how other startup CEOs leverage RESI in their fundraising campaign.  They can attend pitch challenges to see how other start-up CEOs pitch to investors and subsequently observe investor reactions and questions. Attending RESI and learning through observation is invaluable for a newcomer.  

Presently, RESI is a three-day event with one face-to-face and two virtual days, so we adjusted the pricing so a startup can purchase a one-day, in person event with partnering for $1,795. Alternatively, the standard three-day package costs $2,295, which allows flexibility and is very competitive with the extravagant pricing that is out in the event arena today. Lastly, for a company that wants to participate in partnering, but cannot physically attend the conference, they can register for a virtual-only pass that costs $1,195, allowing them to connect with investors via videoconferencing. 

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Companies To Watch In 2024

28 Dec

By Dennis Ford, Founder and CEO of Life Science Nation, Creator of the RESI Conference Series

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For the past ten years, Life Science Nation (LSN) has built a global partnering platform that matches scientist-entrepreneurs and fundraising CEOs with capital, licensing, and product collaboration partners. In that time, LSN has learned so much about what makes a compelling fit for our buy-side partners. I have had discussions with hundreds of investors. I always want to understand how their investment theme of seeking early-stage technology assets is balanced with the risk of going early. Unsurprisingly, it’s complicated, but it typically revolves around focusing on key attributes of the company, the science, the management team, key milestones already achieved, and the all-important data that supports that the technology is heading in the right direction. 

Similarly, I have developed my own set of attributes that I personally look for when I meet the companies that are referred to me through LSN’s relationship with regional tech hubs, incubators, and accelerators or national government and state life science agencies. These are what I look for: 

  • The Founding Scientist – Is there a scientist with a long lineage with the key science and the technology assets inside the company? A lot of the “new” technologies are actually the latest iteration of technologies that have been worked on for decades. When the scientist that is associated with that technology is still involved either as CTO, advisory or board compacity, that helps de-risk the opportunity. Having the world-renowned expert onboard and that thread of historical continuity provides not only perspective, but credence to the validation and the translating of the technology. Even if the assets are not that old, a thorough comprehension of the history, context, and potential to show future partners that the technology is in the hands of leadership with an appropriate understanding and appreciation of what it is capable of. 
  • The CEO – There are a few categories of CEO that I see in many of these startups. Experience matters and which side of the house the startup CEO has been on in the past matters and will affect how the company addresses the challenges that will surface along the startup journey. Personally, I have an affinity for the CEOs who were mid-level executives in big drug or device companies, and who were responsible for managing and getting successful products out the door in the past. It is even better when one or more of those products was a blockbuster. This is the type of CEO that has been-there-done-that in a corporate play and now wants to take all that knowledge, expertise, and leverage it in a new startup. I then ask myself, “Can this CEO listen? Is he/she coachable with an ability to learn quickly and discern, accept, and apply sound feedback?” 
  • Management Team – I like a diverse management team with similar experience as described above that augments and complements the CEO. A CEO should not surround themselves with a team that closely resembles their own strength and skillset. A savvy CEO will build a team with relevant experience and together possess expertise in how the game is played. They understand from past corporate experience when to hold them, when to fold them, and when to pivot. A diverse professional team that has seen success in the past and now wants to take their startup to the big leagues will generate traction and get their exit. 
  • Milestones and Data – Show a cogent well-thought-out plan based on hitting realistic achievable milestones that will produce compelling, validating data to show that the product is on the right path and going in the right direction. CEOs and their teams gain credibility when they present this aspect honestly and correctly, and when they are not coordinated, they lose credibility, and thus a chance for partnerships. Having realistic milestones that will produce compelling validating data is crucial to partnering. 
  • Entrepreneurial Agency – I have been talking about entrepreneurial agency for a while now. It’s hard to describe, but you know it when you see it. It’s the vibe you get, the confidence that is exuded, the passion, the professionalism, the unbridled desire, and determination. Entrepreneurial agency gives a company mojo which, in turn, creates positive propulsion forward. I mentioned that I like to see seasoned CEOs with experience in large enterprises that are now leading startups and taking their shot. However, there remain many seats at the table for the young, dynamic CEO that has followed their passion and their love for finding a scientific solution for an unmet medical need and wants to impact the healthcare arena. There are plenty of both types of CEOs in the early-stage arena, and that is driving this golden age of life science that we are all living in.   

Drum Roll Please: My companies to Watch in 2024, 

Thrive-Bioscience

Cell and tissue culture has been performed the same way for 60 years, even though this process is key for almost all segments of life science research and delivery of medicine. Thrive Bioscience’s automation of cell and tissue culture is doing for cell biology what sequencing did for genomics — providing extensive amounts of previously unavailable data and images that are comparable and actionable. Thrive has booked $13 million of orders in the last nine months, selling its family of instruments and software primarily to pharma/biotech, CROs, and medical labs. The Thrive platform vastly improves imaging, analytics, and automation capabilities that significantly improves research, medical and bioprocessing fields that create, develop, and deliver new drugs, devices, and diagnostics products to the marketplace. 


indiebio (2)FlexPerc has revolutionized the tumor treatment process with AI and robotic technology, which will be a game changer not only for the patients but will become the standard of care and a first-line treatment for lung cancer tumors needing ablation, biopsies or drug delivery.  FlexPerc’s minimally invasive platform comprises of an AI-based treatment planning software, a flexible ablation device, and an interventional robotic system. This product heralds the dawning of a new age of precision, autonomous cancer intervention tools that will drastically change the surgical landscape.  


Ternalys TherapeuticsTernalys‘ novel SAGUARO platform provides a simple yet elegant way to simultaneously deliver multiple microRNAs on a biologically flexible scaffold (a “microRNA construct”), replenishing cancer cells with microRNAs that are present in normal cells and thereby reversing the defensive epigenetic changes. In our work to date, we have demonstrated the ability to synergistically enhance existing therapies and, by doing so, potentially alter the outcomes for many intractable cancers. Ternalys’ lead compound, TT-003, is focused on the difficult and highly underserved area of glioblastoma. We believe that TT-003 has the potential to progress rapidly into clinical development and provide meaningful clinical results because of its unique capability as “miRNA replacement therapy” for multiple miRNAs. 


Cari Health CARI Health is developing a wearable remote medication monitor that enables personalized dosing and adherence monitoring to increase  medication adherence. The platform monitors medications in the interstitial fluid in real time via a novel, patent pending electrochemical sensor. The sensor can detect many medications, but CARI will prove the platform capability first with methadone, a medication used to treat opioid addiction. 


Cardathea-IncCardathea’s non-invasive, electric field imaging system helps cardiologists more quickly and accurately implant cardiac pacemaker “leads,” saving procedure time and improving clinical outcomes.  In the U.S. alone, physicians implant ~16,000 pacemakers and ~12,500 ICDs each month.  By enabling the broad adoption of cardiac conduction system pacing, our system would enable significant market share gains by an acquiring cardiac pacing system company.  The pacemaker system market is $4.2B WW.  


BrainStorm TherapeuticsBST is a biotech startup dedicated to addressing the pressing global brain disease crisis. At BST, we are developing an innovative AI-powered human brain organoid platform to develop groundbreaking therapies that halt, prevent, or reverse synaptic network dysfunction and neurodegeneration. The challenges of Central Nervous System (CNS) drug discovery are formidable, marked by an incomplete understanding of the diverse nature of brain disease biology and the absence of reliable animal models that accurately predict human efficacy. To overcome these challenges, we are developing a CNS drug discovery engine by applying a precision medicine approach focused on human genetics, human brain organoids, clinically translatable screening endpoints, advanced data analytics, and network medicine. 


PrapelaPrapela is an award winning pediatric medical device startup working with clinicians to help improve the treatment of newborns with specific medical conditions – especially those where breathing and heart rate are a concern. Over a decade ago, clinicians and scientists developed a unique vibrating pad to help newborns breathe, relax and sleep. At Prapela, we’re working to make this breakthrough available to help infants and their caregivers everywhere. Our extremely gentle vibration moves randomly within a very narrow range of up & down movement and speed. It’s based on a field of science called Stochastic Resonance which explains that biological processes (like breathing and heart rate) can be improved with random stimulation. For more information, visit prapela.com 


BioMark OncologyBiomark Ocology is a translationally enabled cancer therapeutics company. We are developing potential first-in-class medicines for solid tumor indications with mechanisms of action and target validation focused on whole systems biology. We believe that this approach, akin to the discovery of immune checkpoint inhibition targets, will enable the next step-function change in solid tumor efficacy and move previously overlooked but valuable targets forward. To derisk these programs, we are developing a multi-omics predictive biomarker platform measuring >1000 plasma biomarkers. We use machine learning cluster analysis to find systemic differences in responders and nonresponders in a heterogenous patient population. This will enable host-based predictive biomarkers to complement tumor-based strategies to select the right cancer drug for the right patient. 


Convergence MedicalConvergence Medical Pty is a Brisbane based medical device company, focused on the advancing arthroscopy with design and development of the world’s first arthroscopic robot (the V01 – Arthroscopic Surgical Robot). We exist to address the significant problems in arthroscopic surgery, improving the lives of the 50 million patients treated every year and the 30 thousand surgeons who perform these operations. The V01 is developed to change practice by providing ridged stability and robotic precision, power by an immersive and intuitive interface making operations simpler and more efficient. These innovations are designed to help the 70% of surgeons who perform these procedures and regularly experience significant muscular skeletal pain, the 30% of surgeons forced to retire early, the third of surgeons that state they don’t feel confident with their abilities and the 40% of patients which have observable damage during an operation. 


RevBioIt all started in nature with bio-inspiration from an amazing marine animal known as the Sandcastle Worm. Headquartered in Lowell, the company includes an extensive team of scientists, engineers, and clinicians who have reverse engineered a mineral-organic compound into a patented bioadhesive with an extensive platform of bone repair applications. A MassChallenge start-up accelerator alum, RevBio has won over 10 grants, received multiple patents, and is conducting its first-in-human clinical trial on its biomimetic bone adhesive. 

Tips for a Successful JPM Healthcare Week 2024 

27 Dec

By Karen Deyo, Director of Product, LSN

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If you are a fundraising company in the life sciences, you probably know that the second week of January is the biggest opportunity of the year for partnering. That’s when the JP Morgan Healthcare Week takes place in San Francisco. If you are early-stage, you will probably know that the RESI conference (Jan 9-11) is the event that week that brings together the most investors and licensing partners focused on your stage of development and fundraising. And now, you can even attend virtually if you are not able to travel to San Francisco for the in-person conference and all the activities going on that week.  So, having been a part of RESI and JPM Week for many years now, I want to share some tips and strategies that you will hopefully find useful leading up to this crucial week.

  1. If you can attend RESI in person, there is still time to book many meetings. The key to getting the most out of RESI is to reach out to as many investors as possible (over 500 will be attending), send a compelling message, and follow-up several times leading up to the conference. Your meeting request should contain key information that investors want to know about your company, like
    a. Introduce yourself and your company
    b. Explain the product
    c. What unmet need does it address
    d. What the competition is like and where it stands
    e. Major landmarks/achievements
    f. Current financing needs and what will be used for

2. Reach out to investors/licensing partners by email and LinkedIn leading up to JPM. A great way to get a target list of investors with contact information is to upgrade to Premier Partnering at RESI, whether you are attending in person or virtually, and carry out a targeted outreach campaign.

3. A good option to get the most bang for your buck if you will be in San Francisco for JPM week is the 1-day registration at RESI for in-person meetings on January 9th, and upgrade to Premier Partnering in order to get that target list of investors with their contact information. This way you can book meetings before, during and after RESI by using the RESI Partnering Platform, email and LinkedIn. More information www.resiconference.com

We are here to help, so if you have any questions, please reach out to resi@lifesciencenation.com

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The Right RESI JPM Registration for You

27 Dec

By Caitlin Dolegowski, Marketing Manager, LSN

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The RESI Conference at the Marines Memorial Club and Hotel is coming up on January 9, 2024. The year’s largest life science partnering event, J.P. Morgan Week will gather in San Francisco. RESI anticipates 500+ early-stage investors, along with 500+ early-stage startup companies spanning the silos of drugs, devices, diagnostics, and digital health. In addition to partnering RESI JPM 2024 will feature 56 companies in the Innovator’s Pitch Challenge, Investor Panels, Industry-Expert Workshops, and a Global Family Office BioForum. Early-stage fundraising companies will not want to miss the opportunity to kick off 2024 by being involved in this event.

Life Science Nation is early-stage focused and we create RESI conferences with our clientele in mind. RESI attracts many different types of attendees, and to accommodate that we have a few different registration options. Read through the graph below to determine the best registration option for you.

Registration-Type-Chart

For additional help in finding your registration type, reach out to the business development team at salescore@lifesciencenation.com to book a meeting so we can assist in figuring out the right registration type for you!

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Life Science Nation Announces the Redefining Early Stage Investments (RESI) for 2024 and You Are All Invited

27 Dec

By Dennis Ford, Founder and CEO of Life Science Nation, Creator of the RESI Conference Series

Life Science Nation (LSN) will continue to drive innovation and breakthroughs throughout 2024. LSN’s Redefining Early Stage Investments (RESI) partnering events present a host of exciting opportunities for healthcare professionals, investors, and entrepreneurs to connect and collaborate in the healthcare arena. LSN events are aimed at fostering partnerships and driving the industry forward. LSN will feature five RESI partnering events that will shape the year ahead.  If you are a startup, the number one directive is to get out of your region and get into the global market and find capital investors and licensing partners that are a fit for your stage of development and product. The RESI partnering events allow you to get right into the middle of the North American, European, and Asia Pacific investor ecosystems.

Life Science Nation will kick off 2024 with RESI JPM, next week, January 9, in person and on January 10-11 virtual! This hybrid conference will take place at the Marines’ Memorial Club & Hotel in San Francisco. This conference is held during JP Morgan week and takes place in the major life science hub that is San Francisco and will, of course, have a great concentration of the hottest technologies being developed in the Bay Area and the plethora of VCs, Angels, Family Offices and Pharma/Medtech giants that help to fuel this amazing ecosystem.

LSN will follow RESI JPM, with RESI South, in partnership with a newly formed coalition, SELifeSci, consisting of life science associations representing Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. RESI South 2024 will occur via a hybrid format, with March 25th being in-person at the Whitley Hotel in Atlanta, Georgia, and the 26th and 27th with virtual partnering only.

Next up, RESI Europe Barcelona, a strategic collaboration with Biocat, headquartered in Barcelona, Catalonia, Spain, and Biotechgate, headquartered in Zurich, Switzerland. Biocat, a catalyzing organization dedicated to transforming the BioRegion of Catalonia into a premier life sciences and health innovation ecosystem in Europe, and Biotechgate, a pioneer in curating and marketing a global business development database tailored for the life science industry, join forces with LSN to bring the RESI global matching platform back to Europe. This conference will be held in person on June 17 at the Hilton Diagonal Mar Barcelona, followed by two days of virtual partnering, June 18-19.

In September, Life Science Nation is back in Boston – a hub of life science and healthcare innovation, at the Westin Copley, in person on September 25 and virtually, September 26-27. RESI Boston is in the hometown of LSN and is one of the premier partner events of the year.  Companies from all over the world come to RESI Boston to check out the global hub of life science and connect with the most dynamic healthcare ecosystem on the planet.  This event has been running for over a decade and is attended by the who’s who of the early-stage capital investment and licensing partners.

RESI Asia is planned for November, please stay tuned for an up-and-coming announcement on where this event will be taking place.

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Introducing IPC Judges at RESI JPM 2024

21 Dec

By Karen Deyo, VP of Product, Israel BD, LSN

Life Science Nation (LSN)‘s RESI JPM 2024 is less than two weeks away! For this conference, the Innovator’s Pitch Challenge (IPC) is especially popular and we are featuring 56 presenting startups across 14 sessions, each focusing on a specific sector/subsector. The LSN team has been busy recruiting active investors and industry experts to join the pitch judge panels. The investor and industry experts were invited to sessions based on their experience, investment interest and expertise. The judges will listen to 4 minutes of company pitches and have 8 to 9 minutes to engage in Q&A and provide feedback to the pitching companies.

Below is a list of IPC pitch judges at RESI JPM in San Francisco:


Chris Aleong
Vice President
BioIdeations

Dozie Amuzie
Head of Johnson & Johnson Innovation @ JLABS Canada
Johnson & Johnson Innovation

Joshua Barney
Member
Barrington Angels

Samir Batra
Managing Partner & Founder
HIP (Health Innovation Pitch)

Marianne Bjordal
Partner
3B Future Health Fund

Zac Hann
Senior Associate
LYFE Capital

Steve Curtis
Director, New Ventures
BrightEdge

Paolo Di Giorgio
CEO and Managing Director
Angelini Ventures

Felix Breyer
Associate
Arix Bioscience

Karen Drexler
Angel Investor, Advisor
Astia Angels

Ruben Flores-Saaib
Academic Innovations and Partnerships Lead
General Inception

Dimitra Georganopoulou
General Partner
Qral Ventures

Gary Gershony
Partner
BayMed Venture Partners

Tom Gibbs
Director
Debiopharm Innovation Fund

Janelle Goulard
Director of Health Investment
Pangaea Ventures

Tai Harada
Partner
Fast Track Initiative

David Hendren
Managing Director
Augmentum Advisors LLC

Dave Hood
West Coast Outreach
Medical Technology Enterprise Consortium (MTEC)

Guanghui Hu
Venture Partner & CEO
Viva BioInnovator

Sharon Huang
Associate
Tau Ventures

Jochen Hurlebaus
Head of Digital Health Innovation
Roche Diagnostics

Elena Itskovich
President
Nest Catalyst

Enmi Kendall
General Partner
Healthy Ventures

Don Lin
Co-Founder, Managing Director
Guoqian Venture Capital Investment

Stephanie Marrus
Director
UCSF Entrepreneurship Center

Terri Mead
Founder
Class Bravo Ventures

Nick Mourlas
Head of JLABS @ San Diego
Johnson & Johnson Innovation

Sonal Panda
Principal
Tau Ventures

Rhiya Pau
Associate
Laerdal Million Lives Fund

Jojo Platt
US Partnerships Lead
Corundum Neuroscience

Rena Rosenberg
Partner
Robin Hood Ventures

Alexander Schubert
Partner
SciFounders

Parul Singh
Partner
Initialized Capital

Anish Srivastava
Managing Partner
Telosity Ventures

Jeff Stinson
Director
HealthTech Arkansas

Scott Thielman
Life Science Co-Chair – Northwest
Keiretsu Forum

Jeff Trost
Managing Partner
Laerdal Million Lives Fund

Thomas Vogelsong
Investor/Life Science Advisor
KYTO Technology and Life Science

Garrett Vygantas
Co-Founder & Managing Partner
Riverine Ventures

Sally Wang
Venture Partner
Viva BioInnovator

Kyoko Watanabe
Managing Director
DEFTA Partners

Aaron Welch
Associate
SymBiosis Capital Management

Hong Wen
Partner
Shanghai Healthcare Capital

Ryan Witt
Member
Tech Coast Angels

Jun Xiao
Vice President
Life Science Angels

Ronald Dorenbos
Principal
BioFrontline Ltd.

David Zarling
Investor
Family Office Based in California

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