Hot Investor Mandate: China VC/PE Firm Invests in Biotech & Medtech, Focusing on Unmet Medical Needs with Strong China Market Potential

18 Jun

A venture capital / private equity firm headquartered in China manages both  US and RMB denominated funds. The firm invests in Series A rounds at $1-2M, though its sweet spot is investing $10-15M in Series B/C rounds. The firm works closely with local provincial Chinese governments, allowing them the ability to bring technology successfully into the Chinese market. The firm will generally not invest in the seed stage, and seeks opportunities globally.

The firm invests in pharmaceuticals and Class II medical devices, including an interest in 505(b)(2) repurposed compounds, as well as healthcare-related industries. The firm is interested in all therapeutic areas and in early to mid development stage companies. The firm focuses on unmet medical needs with a China market potential.

The firm does not have management team requirements. The firm will typically take a board seat post-investment, and has the capability to lead and co-invest.

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

Hot Investor Mandate: Europe-Based Venture & Growth Capital Firm Invests Up €15M in US & Europe Medical Device & Digital Health Companies

18 Jun

Based in Europe, a venture and growth capital firm provides expertise and funding to entrepreneurs and companies with global ambitions in life sciences and information technologies. The firm focuses on early to growth and expansion stage including spin-offs and restarts. The firm prefers to be the lead investor and possibly co-lead. The firm seeks to allocate €7-15 million (in equity) per company through subsequent rounds of investment. The firm seeks to invest in companies that are based in the US and Europe. The firm is actively seeking new investment opportunities.

In the life sciences, the firm seeks to invest in medical devices and digital health. The firm is opportunistic in terms of subsectors and indications. Medical devices with a therapeutic focus are of high interest. The firm seeks growth stage companies with early sales or with products that, at minimum, have regulatory approval (CE mark) and compelling clinical data.

The firm requests a board seat in each portfolio company and generally holds a significant minority stake. The firm seeks a company with a strong management team or technical experts in the relevant technology.

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

Hot Investor Mandate: China Investment Firm Deploys Up to $5M in Early-Stage Companies & $50M in Growth-Stage Companies Across Various Life Science Sectors

18 Jun

An investment firm headquartered in China with an additional office in the USA invests exclusively in the life science sector; the firm invests primarily in the USA and China, but will also invest in other regions such as Europe and Canada. Within China, the firm makes growth investments in companies that have existing revenues; in the USA and other regions, the firm makes both venture and growth-equity stage investments in both pre-revenue and revenue-stage companies. The firm’s allocations are highly varied. From the main fund, investments typically range from $15-50 million, though larger investments are of interest as well; the firm has another fund focused on earlier stage companies that actively makes investments of typically $2-5 million, generally in financing rounds of $10 million or less. The firm is open to syndication. The firm is also particularly interested in working with companies that are open to or actively interested in seeking partnerships or opportunities in China.

The firm invests in therapeutics, medical devices, diagnostics, healthcare services, and clinically-oriented healthcare IT, and will consider investing in any indication area or technology subsector; however, orphan indications, dermatology/aesthetics, oncology, and blood diseases are of particular interest in the biopharma space; general surgery, neurovascular, cardiovascular, minimally invasive technologies, women’s health, respiratory care, novel diagnostics and orthopedics are of particular interest in the device space. The fund for earlier stage companies focuses on early stage opportunities in biotech; from the main fund, the firm in most cases makes investments in products that have obtained market approval or are very close to commercialization, but earlier investments may be considered for highly innovative products or products that can demonstrate strong efficacy signals at an earlier stage (such as anti-infectives). For devices and diagnostics, the firm only invests in commercial-stage companies.  Generally, the firm does not invest in imaging.

The firm is flexible regarding management teams, and works with both serial entrepreneurs and entrepreneurs who lack industry experience.  In addition to investing in private companies, the firm is able to invest in public companies by means of PIPEs or public market placements. The firm is interested in investing in companies with products that can demonstrate cost-effectiveness.

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

Digital RESI Featured “Live Panels”—It Worked!

11 Jun

By Karen Deyo, Senior Investor Research Analyst, LSN

In addition to the valuable prerecorded content available on the Digital RESI June Live Agenda (Click here will be available one month), this week’s conference featured live sessions.  The live sessions generated some buzz – including the Early Stage Therapeutics panel, with five investors discussing their investment mandates and how their own investment process works. The compelling dialog zeroed in on their current radar screen, what they look for, what’s hot and what’s not, as well as how the landscape has changed in the last few months. Here are a few highlights of their discussion.

Moderated by Brent Ahrens, General Partner of Canaan Partners, the panelists were:

  • Anjan Aralihalli, Venture Partner of CTI Life Sciences Fund
  • Shaan Gandhi, Principal of Northpond Ventures
  • Peter Neubeck, Partner, Head of Germany of Kurma Partners
  • Shobha Parthasarathi, VP, External Innovation & New Ventures of Xontogeny

The investor panelists all mentioned that while oncology is a hot area, it is also an oversaturated indication. Nevertheless, all panelists admitted that they are still interested in oncology companies, but may be tailoring their preferences away from certain types of treatment, including avoiding immuno-oncology therapies that are not completely novel, and combo therapies. In addition, the panel stressed the importance of data at the early stages of therapeutic development, as this is a startup’s primary way to showcase their value.

While agreeing that the landscape has changed in recent months, all of the panelists agreed that investors are still open for business. However, they cautioned that the investment pool has shrunk, as investors save more to help increase the runway of their portfolio companies. Many of the investors have noticed a decrease in valuations as well, in addition to a large number of companies that have quickly pivoted into the Covid space.

As a final piece of advice, the investors urged companies to do their research before reaching out to an investor, and to be thoughtful and detailed in their outreach message. While companies should not write messages that are extremely long and detailed, as the panelists mentioned the sheer volume of messages they receive at conferences such as RESI, it should be more than ‘check out my cool company.’ Also important is the need to keep track of previous communication – if you met with an investor previously, make sure to reference that! These small details are important to avoid leaving a lasting negative impression.

Click here to watch the full panel!

RESI: A New Era of Digital Conferences- SAVE THESE DATES!

11 Jun

By Dennis Ford, Founder & CEO, Life Science Nation; Creator of RESI Conference Series

Digital RESI June was huge success, with 800+ global attendees, 72 continuous hours, and 2000+ partnering meetings. The RESI partnering system will stay open for another week, and all content on the “live” agenda will be available for another month; make sure to listen to what the who’s who of early stage investment have to say.

After this milestone of LSN’s 30th Global Conference, LSN is announcing the second Digital RESI 2-day Dedicated Partnering Event, taking place July 27th – 28th, as well as Digital RESI September, taking place September 14th – 16th, and the new, premier LSN event, the 4D Meets AI digital conference on September 17th – 18th.

The positive feedback from LSN’s global investor and entrepreneurial networks have encouraged LSN to pursue new alternatives to keep business alive and facilitate partnering in these challenging times. The successful metrics of the last three Digital RESI events have proven that the digital model can shift the conference paradigm. The whole LSN team thanks our global network of life science partners for supporting our efforts and helping us usher in a new era of digital conferences and partnering!




Congratulations to Our Digital RESI June Innovation Challenge Winners!

11 Jun

By Claire Jeong, Vice President of Investor Research, Asia BD, LSN

claire

Our 3-day Digital RESI June conference came to an end yesterday, and we are very excited to announce the Top 3 Winners of the Innovation Challenge. Each participating finalist company had a dedicated page where you could view their virtual poster, short pitch, and other supplementary materials that the companies made available for viewing.

We will keep our Digital RESI June “live agenda” page open to the public for another month, so if you have not had the chance already, please visit Digital RESI June Live Agenda to see our virtual exhibit of some amazing technologies across therapeutics, medical devices, diagnostics, and digital health!

We would like to thank every Innovation Challenge company for their virtual presentations, and the hard work they put in to promote their technologies to RESI attendees. In all, we hope that all companies were able to make the most out of the digitally presented Innovation Challenge.

The Top 3 winners will be awarded with free tickets to future RESI conferences. Congratulations to the Top 3 winners, and thank you all for casting your votes!

First Place: Sen-Jam Pharmaceutical

Click Here to Check Out Sen-Jam Pharmaceutical’s Digital Poster

https://vimeo.com/412570154

Sen-Jam Pharmaceutical is a therapeutics company focused on rapidly developing drugs to reduce pain and inflammation. We do this by combining approved FDA drugs that have never been combined before to create new formulations. Our 3 lead drugs are at varying stages of development for treatments including Viral Respiratory Infections (e.g. COVID-19), Opioid Withdrawal, and Alcohol Hangover prevention. We have 24+ Patents awarded and pending.

Jacqueline Iversen, RPh, MS, Head of Clinical Development, Sen-Jam Pharmaceutical | Jim Iversen, CEO/COO, Sen-Jam Pharmaceutical

Second Place: AyuVis Research

Click Here to Check Out AyuVis Research’s Digital Poster

AyuVis Research, Inc. is a late preclinical stage pharmaceutical company with novel small molecule compounds for treating complicated respiratory diseases like bronchopulmonary dysplasia (BPD), bacterial pneumonia, acute respiratory distress syndrome (ARDS) and systemic inflammatory syndrome (sepsis). A pre-IND meeting with the FDA is completed. The compounds modulate the innate immune system to control hyperinflammation and eliminate microbial pathogens. AyuVis’ new class of drug can also prevent and treat conditions like severe COVID-19 infection related lung injuries, ARDS, multiple organ failure and death, where traditional protocols have had limited results. Preclinical testing in animal models have demonstrated effective results for intravenous (IV), intranasal (IN), and intraperitoneal (IP) administration of the drug depending on the target disease and tissue being treated.

Suchismita Acharya, PhD, President and CEO & Management Team

Third Place: Oxidien Pharmaceuticals

Click Here to Check Out Oxidien Pharmaceuticals’ Digital Poster

Oxidien Pharmaceuticals is a clinical stage drug development company developing a treatment for enteric hyperoxaluria, a large unmet need in kidney disease. We have excellent safety and efficacy data using our proprietary, oral biologic with significant advantages over products in development. Enteric hyperoxaluria is a condition that affects 250,000 patients in the US alone. The company spun out from Captozyme, Inc., in 2019, before Captozyme was acquired by Arranta Bio in November of 2019. Oxidien is now presenting a de-risked opportunity for an investment partner to come in early as we get ready for a dose-finding Phase 2 study.

Helena Cowley, CEO, Oxidien Pharmaceuticals

Top Global Firms Selected: RESI Featured Company Pitch Session Finalists

4 Jun

By Karen Deyo, Senior Investor Research Analyst, LSN

LSN is pleased to announce the companies selected to participate in the Featured Company Pitch Session. Each company will be given a dedicated page that will highlight their pitch video, followed by a live Q&A session with a panel of relevant investors. Among these companies are groups sponsored by the National Institute on Aging, BioHealth Innovation, Life Science Queensland and Women in Bio. Check out the companies below, and make sure to view their pitches!