Greenhouse Capital Partners United States

Greenhouse Capital Partner is a venture capital firm that was founded in 2006 and is based in Sausalito, California. The firm selectively makes equity investments into life science companies in seed stage and series A financing round, but it also provides growth equity to highly capital efficient companies that can achieve cash flow break-even within two years. The typical investment size ranges from $0.25 million to $2 million.The firm focuses on investments in US based companies.

Eric Desai
Principal 

H.I.G. BioVentures

H.I.G. BioVentures is the life science investment affiliate of H.I.G. Capital and has offices across the USA. H.I.G. BioVentures has assets under management of $4m and is investing from its second fund which closed at $268m in 212. The firm typically makes initial equity investments of $3-7m with the potential to invest up to $2m over the life of an investment. While most of H.I.G. BioVentures? portfolio companies are US-based the firm will consider opportunities worldwide.
Enoch Kariuki
Vice President 

HealthQuest Capital United States

Sofinnova Ventures was founded in 1974 and is based in Menlo Park, CA. The firm has approximately $1b of assets under management, and makes life science investments from two fund families; the main Sofinnova Ventures fund and Sofinnova HealthQuest Capital. Sofinnova Venture Partners IX closed at $500 million in 2014, and the debut HealthQuest fund closed at $110 million in 2014. The firm makes investments in the form of equity (preferred stock) and is an activist investor; the firm prefers to lead investments, take a board seat at its portfolio companies and be actively involved in company management. Sofinnova Ventures plans to make 4-6 new investments in life science companies in 2014. 

The Sofinnova Ventures main fund invests in biopharmaceuticals and typically makes initial investments of $5-15m, with the potential for a total investment of $15-30m. The fund invests in companies based in North America or Europe. 

HealthQuest Capital invests in non-biopharmaceutical life science and medtech companies and typically makes initial investments of $2-3m, with the potential for total investments of $5-6m. HealthQuest Capital is a venture growth fund focused on commercial-stage technologies, and only invests in companies headquartered in North America (particularly the US Southeast or West Coast).

Garheng Kong
Garheng Kong
Managing Partner 
Randy Scott
Randy Scott
LinkedIn logo Partner 

Hercules Technology Growth Capital Inc.

Hercules Technology Growth Capital is a Private Equity company founded in 23 Headquartered in Palo Alto California with additional offices in Boston Boulder New York and McLean. The firm manages an evergreen structure and primarily provides high-growth companies in the life science space with senior secured debt financing. The firm can allocate up to $5 million per investment. The firm is very flexible with deal structures that can be customized to help companies reach their key milestones. The firm primarily invests in companies headquartered in the US but has the ability to invest overseas as well.
Janice Borque
Managing Director Life Sciences 

Horizon Technology Finance United States

Horizon Technology Finance is a venture lending, investment and financial services management company that was founded in 2003 and is headquartered in Farmington, Ct with additional offices in Walnut Creek, CA and Reston, VA. The firm controls approximately $200 million in assets under management and look to provide senior or subordinate loans to companies in the range of $2 to $20 million dollars, and often syndicates much larger deals. The firm prefers to lead or co-lead investments that they are involved in and looks to be involved in 15 deals in the next 6-9 months. The firm provides capital to companies located throughout the United States and Canada.

Year Founded
2003
Medtech Phase of Development
Capital Structure Preference
Investment Stage Preference
Jerry Michaud

Hub Angels Investment Group

Hub Angels Investment Group is an angel group that was founded in 2 and is based in Cambridge Massachusetts. The firm manages a fund structure and recently closed its 4th fund making the total AUM of the group around $4 million. The firm makes investments ranging from $25 to $5 in equity for companies that are at least 12 months old. The firm makes investments ranging from four to eight years and prefers to invest in companies whose valuation does not exceed $1 million. Hub angels plans on making approximately 3 allocations over the next 6-9 months with stated interest in diagnostics and medical device companies.
Randy Barko
Member 

Immunova LLC United States

Immunova is a startup with  an IP portfolio licensed from Yale and the Johns Hopkins Universities.

Immunova's technology platform has a unique capability to deliver one or more drugs to the tumor/disease microenvironment. The drugs can be proteins, small molecules or nucleic acids. The delivery platfrom has demonstatable advantages over other delivery systems. The technology has applications in oncology and inflammation.

The company's lead asset is positioned in oncology. IMM-01, consists of two drugs that (a) undermine the tumor micorenvironment and (b) increase anti-tumor cell mediated immunity. This asset is capable of curing mice of metastatic disease. Further, it significantly enhances the activites of immune checkpoint inhibitors. It is non toxic.

The company is seeking investment and R&D partners. Immunova has defined the path to a Phase I/IIa multidose trial which could initiate within 15 months of funding. Immunova is also seeking partners who wish to validate this platform in oncology and inflammation.

Website:
www.immunova.net
Year Founded
2011
Biotech Subsector
Biotech Phase of Development
Technology Overview
Immunova’s platform enables effective drug combination therapy. Chemically diverse drugs such as biologics and small molecules can be formulated and encapsulated in a liposome and thereby delivered systemically to a target cell or environment where each encapsulated API can be released independently in a controlled or tuneable manner using our proprietary technology. Importantly, this approach also potentiates existing or novel therapies often increasing their therapeutic index. LipoGel-TR is a hybrid platform of liposomes and PLGA nanoparticle delivery systems designed to possess the positive features of each platform while minimizing the negative aspects. Many of the building blocks required to make a LipoGel can be bought preassembled and GMP from third party providers thus shortening development timelines. We have demonstrated the superiority of LipoGels in numerous in vitro assays (drug loading and release and potency) and animal models of disease (efficacy and survival). Using our technology we have demonstrated that we can (a) direct one or more drugs to the TME, (b) increase drug synergies, efficacy and potency of chemo and immunotherapies, (c) decrease drug toxicity, (d) increase immune cell activity and (e) generate new intellectual property.
Alliance & Collaborations
The company is actively seeking partners in oncology and inflammation.
Supporting Metrics or Evidence
The technology has been published in high profile journals and the founder actively collaborates with numerous scientists at leading institutions. The Company’s initial focus is cancer immunotherapy: delivery of molecules that modulate immunity, positively and negatively, in order to undermine the tumor microenvironment and allow the immune system to keep pace with tumor evolution and thus be primed to eradicate disease. Our lead asset, IMM01: • Is targeted to and accumulates in tumors; • Encapsulated APIs are slowly released over 7 days and this can be further modulated; • Dramatically increases potency and efficacy: in a murine model of metastatic disease, IV delivery of IMM-01 results in 85% survival of IMM-01-treated mice at day 60 whereas all untreated mice, as well as mice treated with the drugs in solution, have died by day 30; • Increases immune infiltrate within the tumor which correlates with good patient outcomes • Significantly increases the potency of anti-PD1 and anti-CTLA4 mAb therapy in a mouse model of metastatic disease supporting published MoA studies • Is not toxic; there are no signs of renal, hepatic, bronchial, RBC or leukocyte toxicity when IMM-01 is administered to mice at high doses.
Current Financing Needs
Immunova is seeking $8-10M to fund operations for three years and including a phase I/IIa clinical trial
Current Timeline
Pending financing, IMM-01 is ca 15 months from a Phase I/IIa clinical trial
Current Investors
Angel-backed to date
IP Status
The company has licensed 4 granted and 3 pending patents
Recent Milestones
Q3 2014 • Demonstration of synergy with checkpoint inhibitors • New patent filed • Patent granted • Academic founder noted as a bioentrepreneur to watch by Nature Biotechnology Q4 2014 • First phase technology transfer to CMO • Identified lead clinical trial site and PI • Determined drug needs for clinical trial • Regulator engaged for ‘preIND meeting’
Management Team Highlights
The Company has recruited an impressive team that has an established and successful record of building companies. The management, advisors and scientific founders have an established network of both pharmaceutical and medical contacts and extensive experience running biotechnology firms and executing clinical trials. For reference, the following biotech startups founded/managed/invested in by Immunova Management or Advisors, were acquired prior to FDA approval: • Neurovir Therapeutics, Inc. – Acquired by MediGene AG for $42M • Nurel Therapeutics – acquired by DyaMid AB (undisclosed) • Proximagen plc. – Acquired by Upsher Smith for $550M • PharmaGenics Inc. – acquired by Genzyme for $28M • Prostagen– acquired by Cytogen (undisclosed)
Brian Horsburgh

ImStar Therapeutics Canada

ImStar Therapeutics is a private biotechnology company headquartered in Vancouver that is developing new approaches to treat patients with Amyotrophic Lateral Sclerosis (ALS), also known as Lou Gehrig's disease.

The company is developing compounds directed at a proprietary new therapeutic target for ALS discovered by co-founder Dr. Jean-Pierre Julien called TANA (i.e. TDP-43 Associated NF-kB Activation). The lead drug candidate, IMS-088, is a novel small molecule compound targeting the NF-kB activation pathway currently in preclinical development for ALS.

IMS-088 is the first in a series of novel compounds derived from withaferin A (WA), a natural withanolide isolated from the leaves of the winter cherry plant (withania somnifera).  In preclinical animal studies, WA showed promise but lacked suitable pharmacologic characteristics to be developed as a therapeutic drug.

Therapeutics targeting the TANA pathway could treat multiple neurodegenerative diseases expressing TDP-43 pathology such as ALS, Alzheimer's, Parkinson's and Dementia.

TAR DNA-binding protein 43 (TDP-43) was recently identified as a major disease-associated protein in ALS. Under normal conditions, TDP-43 regulates RNA and is predominantly localized in the nucleus. However, in ALS-affected neuronal cells the protein is misprocessed resulting in aggregation in the cytoplasm and a loss of motor function.

A recent discovery has shown that, in patients with ALS, TDP-43 unexpectedly associates with and activates nuclear factor-κB (NF-κB), an inflammation-regulating protein. This leads to exaggerated immune responses and motor neuron destruction. Inhibition of the pathway in an ALS disease model produced substantial improvements in disease and motor function illustrating this is an important new drug target.

Novel Withanolides

ImStar chemists have designed novel withanolides related to WA that have superior drug like properties. IMS-088 is the lead drug candidate in this series that is currently being developed for ALS. These compounds are covered by a new composition of matter patent filing.

TANA Inhibitors

ImStar is also developing various approaches to block TDP-43 activity and has identified novel single chain variable domain antibody fragments (scFv) that inhibit TDP-43 and block it's associated NF-kB activation. 

Website:
www.imstartx.com
Year Founded
2012
Biotech Phase of Development
Current Timeline
Anticipate initiating formal IND-enabling studies by mid 2015
Current Investors
Management and angel investors
IP Status
Worldwide PCT and provisional filings covering compositiona of matter, use and target
Recent Milestones
Preclinical POC using novel compounds in transgenic models of ALS
Management Team Highlights
Daniel Wattier President & CEO, Co-Founder Co-founded Valocor Therapeutics and led company as CEO until its acquisition by Dermira in 2011. Previously with QLT as President of QLT Specialty Medicine, and at J&J / Centocor, where he was responsible for the US launch of Remicade, achieving over $4B in annual sales. Jean-Pierre Julien, PhD Chief Scientific Officer, Co-Founder Canada Research Chair in Neurodegeneration at Laval University. Internationally recognized leader in ALS research. Member of: The Robert Packard Center for ALS at Johns Hopkins University, the Gairdner Medical Review Panel. Recipient of the prestigious Sheila Essey Award for ALS research from the American Academy of Neurology. Julia Levy, PhD Director and Chairman Co-founder & CEO of QLT. Recipient of many awards for achievements in business and science including: the Order of Canada, the Female Entrepreneur of the Year, the Friesen-Rygiel prize for medical research and the Prix Galien Canada research award. Chris Fibiger, PhD Director and Scientific Advisor CSO MedGenesis Therapeutix. Recently served as CSO of Biovail Corporation until its acquisition by Valeant. Previously VP & Global Therapeutic Area Head Neuroscience at Amgen and VP Neuroscience Discovery Research & Clinical Investigation at Lilly. Until 1998, Professor and Head of the Division of Neurological Sciences at UBC. Ian Massey, D.Phil, Chemistry Director and Scientific Advisor Co-founder & CEO of Synosia Therapeutics until its acquisition by Biotie Therapies Corp in 2011. Currently COO & President US Operations of Biotie. Previously Sr VP Head of Research & Preclinical Development at Roche Palo Alto and VP Head of Neurobiology Roche Bioscience. Prior VP Preclinical Research at Syntex
Daniel Wattier
Daniel Wattier
CEO 

InterWest Partners

InterWest Partners founded in 1979 is a venture capital firm based in Menlo Park California. The firm?s primary focus is providing venture capital to early-stage healthcare and information technology companies. The firm has raised 1 funds to date with over $2.8 billion in committed capital. The firm?s tenth fund closed in 29 at $65 million. The firm generally invests in the Series A and B rounds, initially allocating $8-12 million and up to $2 million over the life of the investment. The firm primarily invests in US-based companies but will also selectively consider opportunities abroad. The firm is actively seeking new investment opportunities.
Doug Fisher
Partner 

JT Pharma

JT Pharma, the Pharmaceutical Division of Japan Tobacco (Akros Pharma, US; Torii, Japan) has broad therapeutic interests with a focus on cutting edge, innovative science and orally active small molecule therapeutics in diabetes, lipid regulation, osteoporosis (small molecule anabolic agents), HIV, HBV, fibrosis, pain, autoimmune diseases, inflammation (RA and OA), urological diseases, allergy, and new drug discovery and development tools. Torii, the marketing division of JT Pharma Division, is interested in late stage, i.e. late Ph3, close to registration drugs for the Japanese market. Torii’s areas of interest are: renal diseases including CKD and complications from hemodialysis, dermatology, atopic dermatitis (preferably given orally), psoriasis, allergy, i.e. antigen-specific immunotherapy, asthma, and rhinitis. JT Pharma and Torii are looking for commercializable technologies or products for collaborative R&D deals or in- licensing deals. 
JT Pharma seeks partnering opportunities, i.e., research and/or development collaborations, contract research and licensing arrangements, to enhance its own internal R&D efforts. Also, Japan Tobacco’s marketing division, Torii Pharmaceuticals, seeks late-stage clinical opportunities for the Japanese Market.
JT Pharma has an interest in early-stage, novel small molecule therapeutics focusing on diabetes,lipid regulation, HIV, HBV, autoimmune disease, inflammation (RA, OA, asthma, allergy), fibrosis, osteoporosis, overactive bladder, and pain (non-CNS) as well as new drug discovery and development tools. Compounds must have composition of matter patents.


Torii Pharmaceuticals is seeking drugs in clinical trials for licensing and marketing in Japan with a focus on dermatology (eczema, atopic dermatitis, psoriasis, onychomycosis, ), allergy, and kidney diseases.

JT Pharma is dedicated to the discovery, development, and sales of novel human therapeutics. In addition to the North American facilities mentioned above, most of JT Pharma’s new drug discovery and development work is performed within its Central Pharmaceutical Research Institute, located in Osaka. They also have a molecular biology research laboratory in Yokohama and a toxicology research facility in Hadano, Japan.

Guadalupe Cipres
Business Development