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

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

OrbiMed Announces New General Partner

NEW YORK, February 3, 2020 – OrbiMed is pleased to announce the promotion of David Bonita, M.D., to General Partner. David joins the firm’s six existing General Partners, Sven H. Borho, Carl Gordon, Jonathan Silverstein, Carter Neild, Geoffrey Hsu and Scot Stevens.

Since joining OrbiMed in 2004, David has led numerous transformative investments in innovative biopharmaceutical and medical device companies, including Loxo Oncology, Tricida, Cryterion Medical, and Therachon SAS, among others.

“David’s investments have contributed significantly to the financial returns enjoyed by OrbiMed’s clients, but more importantly his companies have discovered and developed numerous therapies that treat life threatening unmet medical needs.” stated Jonathan Silverstein, a Managing Partner of OrbiMed.

“David’s promotion to General Partner is a recognition of his extraordinary contributions to the firm in recent decades,” stated Managing Partner Carl Gordon. “We look forward to his growing organizational leadership in the years to come.”

David can be reached at (212) 739-6400 or BonitaD@OrbiMed.com

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

OrbiMed Supports the Proposed Foamix Pharmaceuticals Ltd. And Menlo Therapeutics Inc. Merger

NEW YORK, January 16, 2020 – OrbiMed Advisors LLC (“OrbiMed”), on behalf of its clients, has evaluated the Joint Proxy Statement/Prospectus for the proposed merger of Foamix Pharmaceuticals Ltd. (“Foamix”) and Menlo Therapeutics Inc. (“Menlo”).

After careful consideration and review of the Form S-4/A Registration Statement filed by Menlo on January 6, 2020, OrbiMed believes that the proposed merger of Foamix and Menlo is a compelling transaction with the potential to significantly enhance value for Foamix shareholders. Accordingly, OrbiMed intends to vote in favor of the approval and adoption of the Merger Agreement in its entirety.

OrbiMed clients have substantial holdings of Foamix securities, including 2,577,982 shares of common stock and warrants to purchase an additional 550,000 of ordinary shares, or approximately 5% of the Company’s shares outstanding as of January 16, 2020. OrbiMed clients and Foamix have also entered into a Credit Agreement for term loans totaling $25 million.

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

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