"We tend to lead or co-lead our deals and take an active role in our investments. We often build management teams as well as syndicates," commented Corey Goodman, Ph.D., managing partner at venBio. "Whether a company is viewed traditionally as early or late stage, we are interested in best-in-class therapeutics. Our goal is to have our capital carry the company to proof-of-concept clinical data."
The venBio Strategic Fund II is led by Drs. Adelman and Goodman. New members joining the team to support Fund II are Aaron Royston, M.D., as principal, and Jaume Pons, Ph.D., as venture partner. In addition to the San Francisco team, venBio is also overseen by Behzad Aghazadeh, Ph.D., a managing partner in New York.
"For Fund II, we are delighted to have added Aaron Royston and Jaume Pons to our investment team," commented Dr. Goodman.
Dr. Royston was previously a senior associate at Vivo Capital, and before that a biotech consultant at Bain. He received his M.D. from U. Penn., his B.S. from Duke, and coordinated clinical research at Mt. Sinai.
Dr. Pons is currently CEO of Alexo Therapeutics, a venBio portfolio immuno-oncology company. He was previously a senior vice president at Pfizer and chief scientific officer at Rinat, Pfizer's immuno-oncology center. He specializes in protein engineering. Dr. Pons has brought 12 antibodies into the clinic, with three currently in Phase 3. He previously worked at Chiron and was a postdoctoral fellow at U.C. Berkeley.
The two venBio strategic funds have invested in 14 companies to date, including: Cytos (now KURN), Aragon (acquired by J&J), Solstice, Labrys (acquired by Teva), Seragon (acquired by Roche/Genentech), Aurinia (AUPH), Heart Metabolics, Metacrine, Alexo, Precision Biosciences, Checkmate, Adheren, Apellis, and Nabriva (NBRV).
venBio is a life sciences investment firm, partnering with industry leaders to build and invest in game-changing medicines and technologies with a focus on novel therapeutics for unmet medical needs. With a presence in San Francisco, CA and New York, NY, venBio manages both a long / short equity strategy along with venture capital funds which are backed by leading life sciences companies and qualified financial investors. See: www.venbio.com.
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SOURCE venBio Partners