作者: orbimed
Dr. Dimitri Krainc Elected to the National Academy of Medicine
The U-M Biointerfaces Institute welcomes Carl Gordon and Natasha Shervani to its Advisory Board
New OrbiMed-backed biotech aims to replicate Vertex’s wildly successful cystic fibrosis pills in other diseases
OrbiMed Names Two New General Partners
NEW YORK, December 7, 2021 – OrbiMed is pleased to announce the promotion of two long-standing team members to General Partner.
Matthew Rizzo and Peter Thompson will join OrbiMed’s six existing General Partners at year-end as management company owners and leaders of the firm. Matthew Rizzo joined OrbiMed in 2010 and leads OrbiMed’s royalty monetization and private credit group. Since that time, OrbiMed has established itself as one of the industry-leading providers of structured royalty/credit healthcare financing solutions, investing nearly $3 billion across 78 royalty and credit investments during the past two decades.
Dr. Peter Thompson joined OrbiMed in 2010, initially as a Venture Partner, and more recently as a Private Equity Partner. Peter has demonstrated organizational and investment leadership, including serving as a Founder or CEO of many OrbiMed portfolio companies. Peter has led numerous transformative investments for the firm, including Synthorx, Principia Biopharma, and VelosBio.
“Peter’s promotion to General Partner is a recognition of his substantial contributions to OrbiMed’s private equity team,” stated Managing Partner Carl Gordon. “We look forward to his growing leadership in the years ahead.”
“We congratulate Matt on his leadership role in OrbiMed’s growth from a niche player to one of the largest providers of private credit and royalty monetization solutions for the life sciences industry,” noted Managing Partner Carter Neild.
“As evidenced by these promotions, OrbiMed is committed to building an institutionalized and enduring organizational structure,” stated Managing Partner Sven Borho. “Our partnership will continue to grow in the years ahead.”
About OrbiMed
OrbiMed is a leading healthcare investment firm, with $18 billion in assets under management. OrbiMed invests globally across the healthcare industry, from start-ups to large multinational corporations, through a range of private equity funds, public equity funds, and royalty/credit funds. OrbiMed seeks to be a capital provider of choice, providing tailored financing solutions and extensive global team resources to help build world-class healthcare companies. OrbiMed’s team of over 100 professionals is based in New York City, San Francisco, Shanghai, Hong Kong, Mumbai, Herzliya, and other key global markets.
Contact
Carter Neild, CFA
Phone: (212) 739.6400
Email: NeildC@OrbiMed.com
Dr. Tal Zaks and Dr. Sheila Gujrathi Join OrbiMed
NEW YORK, November 1, 2021 – OrbiMed is pleased to announce two new team additions who are among the global biotechnology industry’s most talented and capable professionals.
Tal Zaks, M.D., Ph.D., joined OrbiMed as a Venture Partner. Dr. Zaks was recently the Chief Medical Officer at Moderna, where he led the development of the company’s COVID-19 vaccine and other key programs. Previously, Dr. Zaks held senior leadership positions in drug development at major pharmaceutical companies, including Sanofi and GlaxoSmithKline. Dr. Zaks received his M.D. and Ph.D. from Ben-Gurion University and conducted post-doctoral research at the U.S. National Institutes of Health.
Sheila Gujrathi, M.D., joined OrbiMed as a Venture Advisor. Dr. Gujrathi was the Chief Executive Officer and Co-Founder of Gossamer Bio. Prior to Gossamer, Dr. Gujrathi served as the Chief Medical Officer of Receptos, which Celgene acquired. Previously, Dr. Gujrathi held development leadership positions at Bristol-Myers Squibb and Genentech and was a McKinsey consultant. Dr. Gujrathi received
her M.D. and B.S. in biomedical engineering from Northwestern University’s Honors Program in Medical Education and clinically trained at Brigham and Women’s Hospital, UCSF, and Stanford.
OrbiMed ranks among the largest and most prolific life sciences investors in recent decades, backing over 80 start-ups since inception. Over 60 new healthcare therapies have been successfully developed and brought to patients by OrbiMed’s private portfolio companies.
“We are excited to welcome Tal and Sheila to the OrbiMed team,” stated Carl Gordon, a Managing Partner and Head of Private Equity at OrbiMed. “We are confident they will make transformative contributions to the growth and success of OrbiMed’s venture capital investments.”
About OrbiMed
OrbiMed is a leading healthcare investment firm, with $18 billion in assets under management. OrbiMed invests globally across the healthcare industry, from start-ups to large multinational corporations, through a range of private equity funds, public equity funds, and royalty/credit funds. OrbiMed seeks to be a capital provider of choice, providing tailored financing solutions and extensive global team resources to help build world-class healthcare companies. OrbiMed’s team of over 100 professionals is based in New York City, San Francisco, Shanghai, Hong Kong, Mumbai, Herzliya, and other key global markets.
Contact
Carter Neild, CFA
Phone: (212) 739.6400
Email: NeildC@OrbiMed.com
Kinnate, OrbiMed team up to target Chinese lung cancer market
OrbiMed’s Steve Squinto helms Yale gene therapy startup, Gennao Bio
OrbiMed Raises $3.5 Billion Across Private Investment Funds
NEW YORK, March 1, 2021 – OrbiMed, a leading life sciences investment firm, announced $3.5 billion in commitments for its latest private investment funds, including $1.5 billion for OrbiMed Private Investments VIII, $800 million for OrbiMed Asia Partners IV, and $1.2 billion for OrbiMed Royalty & Credit Opportunities III. Investors in these new funds include a broad range of medical institutions, university endowments, foundations, pension funds and sovereign wealth funds.
- OrbiMed Private Investments VIII invests primarily in venture capital stage opportunities in North America and Europe, with a focus on biotechnology, medical device, and diagnostics companies. This fund targets investments from $10 million to $100 million across approximately 40 portfolio companies.
- OrbiMed Asia Partners IV invests primarily in China and India, from venture capital through growth stage across biotechnology, pharmaceuticals, medical devices, diagnostics, and healthcare services. This fund targets investments from $10 million to $100 million in approximately 20 portfolio companies.
- OrbiMed Royalty & Credit Opportunities III invests globally through providing structured credit and royalty monetization financing solutions for healthcare companies and institutions. This fund generally invests from $10 million to $150 million per opportunity.
Where appropriate, OrbiMed invests across multiple funds, bringing potential investment amounts to upwards of $250 million per portfolio company. These new funds bring OrbiMed’s assets under management to approximately $18 billion across public equity, private equity and credit/royalty strategies. These extensive financial resources allow OrbiMed to partner with healthcare companies across their life cycle, solving financing needs from start-up seed capital through to growth equity and non-dilutive debt capital.
OrbiMed is led by its nineteen partners, with a growing team of more than 100 professionals contributing diverse, complementary skills across finance, strategy, and new company formation. OrbiMed combines its substantial financial resources with extensive global team capabilities to partner with exceptional management teams in building the next generation of world-class healthcare companies.
About OrbiMed
OrbiMed is a leading healthcare investment firm, with $18 billion in assets under management. OrbiMed invests globally across the healthcare industry, from start-ups to large multinational corporations, through a range of private equity funds, public equity funds, and royalty/credit funds. OrbiMed seeks to be a capital provider of choice, providing tailored financing solutions and extensive global team resources to help build world-class healthcare companies. OrbiMed’s team of over 100 professionals is based in New York City, San Francisco, Shanghai, Hong Kong, Mumbai, Herzliya, and other key global markets.
Contact
Carter Neild, CFA
Phone: (212) 739.6400
Email: NeildC@OrbiMed.com