The Needle Issue #4

20 May
Juan-Carlos-Lopez
Juan Carlos Lopez
Andy-Marshall
Andy Marshall

Lipid nanoparticles (LNPs), like those used in the FDA-approved siRNA drug Onpattro, remain the delivery vehicle of choice for mRNAs, gene-editing and base-editing therapies. One drawback of intravenously administered LNPs is adsorption of apolipoprotein E triggers rapid liver uptake via low-density lipoprotein (LDL) and other receptors on hepatocytes. This results in a relatively short half-life and limit application of LNPs in other organs. Peter Cullis, from the University of British Columbia, and his team report in Nature Communications a new LNP design that promises to enhance their lifetime in the blood.

In previous work, the team had established that LNPs consisting of an oil droplet of ionizable lipid like MC3, surrounded by a monolayer of bilayer-forming lipids like egg sphingomyelin and cholesterol, further surrounded by a proper lipid bilayer lasted longer in the circulation. In their new study, they systematically modified the ratio of bilayer lipid to ionizable lipid (RB/I) and found that LNPs with RB/I=4 showed liposomal morphology, high mRNA encapsulation efficiency, and excellent transfection properties in vitro and in vivo. Moreover, these LNPs with high proportions of bilayer forming lipids lasted longer in the circulation and showed higher transfection efficacy in lymph nodes and pancreas than Onpattro-like LNPs.

Cullis and his colleagues propose that the prolonged blood circulation lifetime is attributed to reduced plasma protein adsorption. The transfection competency of liposomal LNP systems is attributed to export of the solid core containing mRNA from the LNP as the endosomal pH is lowered. Their transfection potency, in turn, appears to depend on the cytoplasmic release of complexes that include mRNA and ionizable lipid, complexes that are generated as the endosome matures and its pH decreases. This work represents a promising strategy to increase the therapeutic index of drugs delivered by LNPs.

The new LNPs are being developed by Nanovation Therapeutics, a preclinical startup co-founded by Cullis in 2021. In September, Nanovation clinched a $600 million deal with Novo Nordisk to license worldwide rights to its long-circulating LNPs for extra hepatic delivery of two base-editing therapies for rare genetic diseases, and up to five additional targets in cardiometabolic and rare diseases. Cullis is a serial entrepreneur who has founded several companies around lipid-based delivery systems for nucleic acid-based drugs, including Inex Therapeutics/Protiva Biotherapeutics/Tekmira/Arbutus Pharma and subsequently Acuitas Therapeutics, which developed the MC3 LNP for Onpattro in collaboration with Alnylam Pharmaceuticals. The group also collaborated with Drew Weissman of the University of Pennsylvania on LNPs for mRNA vaccines, which lead to their use in mRNA COVID-19 vaccines.

To be a broad platform for the liver and beyond, LNPs must compete with several other delivery modalities, such as viral vectors and conjugates. In liver delivery, triantennary GalNAc-conjugated siRNAs, which target asialoglycoprotein receptors on hepatocytes, are now the delivery vehicle of choice for liver-targeted siRNAs. Apart from circulation lifetime, another issue that LNPs must contend with is organ accessibility due to fenestrations in blood vessels. In the case of the liver, pancreas, and bone marrow, pores are greater than 60 nm, allowing LNPs access to tissue. For mRNA vaccines, blood filtering lymph nodes also represent an excellent LNP target. However, tissues, such as brain (with its accompanying blood brain barrier), muscle and kidney have much tighter fenestrations (<15 nm), presenting an uphill delivery challenge for intravenous LNPs.

Hot Investor Mandate: Venture Arm of Global Pharma Invests in Pre-Seed and Seed Stage Companies, Most Interested in Therapeutics and Data-Driven Technologies

20 May

A venture arm of a global pharmaceutical company with a market cap exceeding $11 billion, is actively investing in the early-stage healthcare sector. The firm focuses on pre-seed/seed-stage opportunities, with the initial investment range spanning 0.5-2 million. The firm is interested in opportunities globally with a focus in the US. The firm is open to both leading and co-investing and will consider board seats when leading the round. While the firm is mostly finance driven, the firm is able to bring in the strategic perspective if deemed necessary. 
 
The firm seeks companies with innovative sciences addressing highly unmet needs. The firm is focused on therapeutic, including cell and gene therapy, small molecules, radiopharmaceuticals, CRISPR, and data-driven technologies such as AI-driven drug discovery. The firm is interested in oncology, neurology, and rare diseases. Less invasive diagnostic technologies are also within the scope. The firm mostly works with companies in the preclinical to phase I stages. 
 
The firm focuses on finding promising science backed by strong IP. As an active investor, the firm supports portfolio companies through its extensive network and resources.

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

Hot Investor Mandate: VC Arm of Service Provider Company Seeks to Invest in US and Europe Based Therapeutics Companies from Seed to Series B

20 May

A venture capital firm of a family-owned service provider seeks investments in Seed to Series A/B, with an initial check ranging between 3-7 million Euros. Follow-on investments are possible, and the firm may invest up to 15 million Euros throughout the life cycle. The firm is open to both leading and co-investing. The firm focuses on opportunities in Europe, UK and US. 
 
The firm is interested in early-stage therapeutic technologies. The firm is agnostic regarding modalities and indications, and is open to exploring different types of therapeutic assets. Additionally, the firm has invested in orphan drugs. While there is no strict mandate for the development phases of assets, having at least in-vivo data would generally be preferred. 
 
There are no specific requirements for companies’ management team. 
 

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

Hot Investor Mandate: Corporate Venture Arm of Global Corporation Invests Up to $20M in All Life Science Sectors, Focusing on Areas of Major Unmet Medical Need

20 May

A corporate venture arm of a corporation headquartered in Asia with offices in the US is mandated to invest in venture stage companies across several sectors including the Life Sciences. The firm started investing in the Life Sciences in 2012 and has made 20 investments thus far. The firm can allocate up to USD 20 million depending on the stage of the company. The firm can invest globally and is actively seeking new investment opportunities. 
 
In the Life Sciences, the firm is interested in therapeutics, medical devices, diagnostics, and digital health. The firm seeks technologies that are differentiated and address a major unmet medical need. The firm is agnostic to the stage of development and therefore will consider therapeutics in pre-clinical and devices/technology in concept stage. The firm focuses on products that have a clear and fast path to market. Historically, the firm invested in drug discovery, diagnostics for tumors, and devices for COPD and POAG. 
 
The firm is looking for companies with experienced management teams. The firm is willing to both lead and act as a member of a syndicate. 

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

Hot Investor Mandate: Europe-Based VC Looks for Medical Devices, Diagnostics, and Digital Health Investment Opportunities from Seed to Series B

20 May

A venture capital firm headquartered in Western Europe is focused on enabling technology within life sciences and healthcare. firm will make initial investments ranging from at a minimum of 1M euro, and will make follow-on investments in total adding up to 5M-7M euro. The firm will invest in Seed-Series B companies. The firm will be launching their new fund in 2025. The firm aims to be a meaningful investor, looking to lead deals, but will also co-lead and can syndicate in certain cases. The firm will generally invest within Western Europe. 
 
The firm will invest in diagnostics, medical devices, and digital health. The firm is not open to investing in therapeutics. The firm is not interested in invasive devices and will not invest in Class 3 and some Class 2 devices. The firm will look at companies with IND approval and in early-clinical stages. 
 
The firm does not have any specific team requirements. The firm considers themselves active, hands-on investors and will typically require a board seat. 

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

Global Family Office BioForum at RESI Boston – Where Active Investors Connect, Collaborate, and Co-Invest

13 May

June 16, 2025 | Westin Copley Place | RESI Boston June

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

Life Science Nation (LSN) is pleased to announce the formal program for the Global Family Office BioForum (GFOB) and invites qualified family office investors to participate in this exclusive gathering.

Held during the Redefining Every-Stage Investments (RESI) Conference on Monday, June 16, at the Westin Copley Place in Boston, GFOB provides a private, curated environment for family offices to:

  • Exchange strategies across asset classes and investment themes
  • Share deal flow insights and emerging biotech opportunities
  • Explore co-investment partnerships in early-stage therapeutics and healthcare innovation

In addition to the private luncheon and networking session, GFOB will feature a Family Office Investors Panel open to all RESI attendees. The panel will spotlight perspectives from seasoned family office investors who are actively deploying capital in the life sciences and healthcare sectors.

GFOB Luncheon Program
Monday, June 16 | Westin Copley Place, Boston
12 PM Welcome / Opening Remarks
– Dennis Ford
, Founder & CEO, Life Science Nation
12:05 PM Opening Discussion
Chris Garabedian, Founder & CEO, Xontogeny | Portfolio Manager, Perceptive Xontogeny Venture Fund
Rick Berenson, Executive Committee Member, Mass Medical Angels (MA2)
12:30 PM Private Networking Luncheon
Family Office Investors Panel (Open to All RESI Attendees)
1 PM – Michael Langer, Co-Founder & Managing Partner, T.Rx Capital
– Ethan Berg, Managing Partner, G4 Investments, LLC
– John Parker, Founder Springhood Ventures
– John Abeles, General Partner, Northlea Partners
– John Leader, Principal, Green Park & Golf (GPG) Ventures

Confirmed Family Office and FO-Backed Venture Participants at RESI Boston June 2025
Meet these investors through partnering or attend the Family Office BioForum:

AAA-Family-Office BERNINA-BioInvest G4-Investments
Junson-Capital LAFANA Northlea-Partners
Springhood-Impact-Ventures Tiny-Orange-Capital T.Rx-Capital
If you are a Family Office and would like to attend the Family Office BioForum Luncheon
RSVP for GFOB Here

Only active family office investors will be accepted.

Register for RESI Boston June 2025
Secure your ticket and access over 400 investors across family offices, venture capital, pharma, and strategic partners.

Case Study: Brisbane’s Accelerator Model That’s Raising Capital and Elevating MedTech 

13 May

Over the past decade, Brisbane has transformed into one of Asia-Pacific’s most dynamic centers for MedTech innovation and commercialization. This remarkable evolution is the result of a deliberate strategy led by the Brisbane Economic Development Agency (BEDA), which has positioned the city as a launchpad for global health technologies through sustained investment, visionary leadership, and a collaborative approach that unites government, academia, and industry.

BEDA: Orchestrating Growth and Global Connections 
BEDA’s mission to drive sustainable economic growth by fostering innovation and attracting investment is at the heart of Brisbane’s MedTech ascent. BEDA’s holistic approach aligns the city’s world-class research institutions, hospitals, and universities with a vibrant start-up culture and robust infrastructure. The result is an integrated ecosystem that supports MedTech startups from ideation to international expansion.

Brisbane’s strategic location in Queensland—the world’s 12th-largest economy—provides seamless access to a $90 trillion innovation corridor. With 17 Free Trade Agreements and globally competitive business incentives, the city offers MedTech companies a cost-effective base for scaling into Asian and global markets. The city also boasts the largest healthcare precinct in the Southern Hemisphere and a health sector projected to grow by 36% by 2031, supported by more than 140 innovation hubs and a steady pipeline of skilled graduates from the University of Queensland and other leading institutions.

The BEDA-LSN Partnership: Bridging Brisbane and the World 
One facet of BEDA’s strategy is its partnership with Life Science Nation (LSN), a Boston-based commercialization platform renowned for connecting life science companies with global investors and licensing partners. Over three years, BEDA and LSN have launched a bespoke global accelerator program that provides Brisbane startups access to LSN’s proprietary investor database, entrepreneurial education, and participation in RESI Global Partnering Events.

This collaboration has established an actual two-way innovation bridge. Through the accelerator, Brisbane companies embark on 12- to 18-month global roadshows, pitching their technologies to international capital investors and licensing partners at premier events like J.P. Morgan Healthcare Week in San Francisco, where LSN has been hosting its RESI JPM partnering event for the past 13 years. In return, global capital, strategic partners, and Pharma seeking licensing deals flow back into Brisbane, amplifying its reputation and strengthening its local ecosystem.

Tangible Impact: Success Stories and Economic Growth 
The impact of the BEDA/LSN global accelerator is evident in the success of its alumni. Within just 24 months, 90% of participating companies have collectively raised over $110 million, with many securing new partnerships, investments, or clients within a year of graduation. Brisbane startups have also consistently earned global recognition on the RESI Innovation Challenge stage, winning top honors in LSN’s Innovator’s Pitch Challenge (IPC) across multiple years. Podium finishes include:

  • Field Orthopaedics – Gold, RESI JPM 2023
  • Max Kelsen – Silver, RESI JPM 2023
  • Clinials – Silver, RESI BIO Boston 2023
  • Convergence Medical – Silver, RESI JPM 2024
  • Gelomics – Bronze, RESI JPM 2024
  • Kimaritec – Gold, RESI JPM 2025

Notably, Convergence Medical, a Brisbane-based company, developed a world-first arthroscopic surgical robot, securing a $5 million investment from U.S.-based Avicella Capital due to meeting up at LSN’s RESI JP Morgan event in 2024 and closing the deal a year later at RESI JPM in 2025. Convergence was also accepted into the FDA Breakthrough Devices Program thanks to connections made through the accelerator. Other alumni, including Microbio and De Motu Cordis, have achieved regulatory milestones and expanded into new markets.

BEDA’s efforts have also attracted significant international players. Stryker, a U.S. MedTech giant, opened its first R&D lab in Brisbane’s Herston Health Precinct, citing the city’s collaborative ecosystem and access to top scientific talent as key reasons for their investment.

A Blueprint for the Future 
Brisbane’s MedTech success is not an overnight phenomenon. It is the product of sustained investment, strategic partnerships, and a commitment to collaboration. As the city prepares to host the 2032 Olympics and Paralympics, billions of dollars in new health infrastructure projects are underway, further enhancing Brisbane’s global profile and capacity for innovation.

For MedTech pioneers, Brisbane now offers more than just a supportive environment—it provides a proven pathway to global markets. Through the combined efforts of BEDA, LSN, and an engaged network of local and international partners, Brisbane has become a beacon for health innovation, investment, and opportunity in the Asia-Pacific and beyond.