Jim is the originator and chief executive officer of Foresite Capital, a healthcare private equity firm. The company was founded in 2011 with the aim of helping healthcare leaders expand their profitability. They aimed at supplying information, networks and the necessary capital.
Jim’s Career Progression
Besides founding Foresite Capital, Jim Tananbaum also established other firms in biopharmaceutical and healthcare investments. GelTex Pharmaceuticals is one of those companies that successfully introduced two drugs in the market with a starting capital of $80 million. The company was later sold in 1998 for $1.6 billion. Check out Crunchbase to know more.
Also, Jim was a co-founder and CEO of Theravance, Inc. At Prospect Venture Partners II & III and Sierra Ventures, Mr. Tananbaum served as a founding partner. He helped the venture establish healthcare investment practice. Jim Tananbaum has a wealth of experience in investment management. He has led several investments including Amira Pharmaceuticals, Amerigroup, Healtheon, and Jazz Pharmaceuticals. You can visit LinkedIn to know more.
Foresite’s Key Objectives
The central vision of founding Foresite capital was to marry all the elements of his career experience and craft a novel investment platform. The largest investment of the company is Intarcia; this is a type II diabetes implant done twice a year. The implant helps diabetic patients to control their diabetes and lose weight. Diabetes is a major menace in the world, and Jim believes that Intarcia products will impact diabetes. The company has also made investments in Aeripharmaceuticals which its mains focus is introducing glaucoma treatment. Foresite has successfully sponsored many embryonic healthcare investors in pharmaceuticals, gene sequencing, and synthetic biology. More details can be found on LinkedIn Forsite Capital.
Tananbamum’s Education Background
Jim Tananbaum has a rich educational background, which has enabled him to acquire much success in the industry. He did his bachelor’s degree in math and electrical/computer science at Yale University from 1981-1985. He later did a Master of Science (M.S), HST – information theory in Massachusetts institute of technology in 1985-1989.
Jim also did a doctor of medicine (MD) in Harvard medical school and later an MBA from Harvard Business School. Since his years in high school, Jim had a passion of intermarriage of hard sciences, computer science, and healthcare. This is the reason why he has several degrees across different fields.
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